Published: Fri, 27 Mar 2009 10:17:36 +0100
Deltastock Daily Fx Analysis
March 27, 2009
Current level- 1.4428
The pair is in a corrective phase, after bottoming at 1.3506. Trading is situated between the 50- and 200-day SMA, currently projected at 1.4259 and 1.6470.
As expected, the pair was sold sharply from 1.4638, reaching low at 1.4390. The intraday bias is still negative for 1.4310, with a risk limit above the 1.4517 resistance.
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