Published: Fri, 27 Feb 2009 10:28:36 +0100
Deltastock Daily Fx Analysis
February 27, 2009
Current level - 97.61
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 90.78 and 100.29.
With yesterday's peak at 98.70 the pair has completed the uptrend from 92.62, so now the bias is neagtive for 96.31, en route to 94.64.
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