Published: Wed, 01 Apr 2009 11:36:32 +0200
Deltastock Daily Fx Analysis
April 1, 2009
Current level - 98.79
A short-term bottom has been set at 87.12 and a large consolidation is unfolding since. Trading is situated between the 50- and 200-day SMA, currently projected at 94.12 and 99.36.
With yesterday's break above 98.98, the road is clear for 100.16, so expect current consolidation to be limited above 97.35 before next leg upwards. Intraday bias is negative for 97.53.
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