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Slumdog Forex - Daily Forex Analysis

EUR/GBP Trying To Get Close To The Rising Line - September 19, 2012


Overall, EUR / USD is in an up trend is quite clear in this month. After a correction to penetrate its trend line, now it seems the pair will continue rising trend.
Besides FIBO 50.0 which is difficult to penetrate, stochastic has also shown that the pair is oversold and if this scenario goes, at least this pair will be back to try to get close to its rising line.
However, cnadle confirmation is required before we jump in, because the other scenario would cause the pair fall deeply in, although the chances are slight.












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