Forex | Forex Strategies | Major Pairs: Oversold / Overbought Does it for the Moment (30/06/2009 10:07:25)

Major Pairs: Oversold / Overbought Does it for the Moment

Much of the fundamental observations in the last months did not bring home the bacon. It was quite enough to follow pure technical considerations, like overbought / oversold and resistance / support constellations in the majors against the dollar, longer or shorter term. We do not expect this market behavior to change soon in today’s difficult times when central banks are forced to follow a near zero policy to save their economies. In our daily trade outlook, the dollar seems to be oversold


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