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The daily trend is bearish ,The target is 1.1080 at new low level

By:

Finotec

20-11-2007

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The daily trend is bearish

The target is 1.1080 at new low level.

Technical oscillators that supporting the bearish tendency are:

MACD moving averages bellow the zero line.

RSI stand on 35.21% and the trend pointing down to over sold area.

Moving averages of 10 and 20 days the shorter line is after a bearish cross.

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Next Analysis: The daily trend remains bullish ,The target is 1.4750 at previous resistance level

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Finotec
Derivative and forex trading broker Finotec is a division of leading real-time Internet trading company Finotec Trading Inc, which pioneered the world of online forex trading in 1998. After launching our revolutionary forex online trading platform in 2001, we continued to improve our services and no

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