Forex | Forex | Currency Majors Technical Perspective (04/09/2009 00:22:32)

Currency Majors Technical Perspective

EUR/USD Current price: 1.4251 Moving in a tight range, pair has turned slightly bearish in the hourly chart, with price under both, 20 SMA and 200 EMA, and momentum pointing to the downside; however, past hour lateralization turned indicators weaker, as they do no signal a clear strength. Bigger time frames also show same conditions. Nikkei opening up 0.4% will likely support some rises, thus 1.4300 area should keep them limited. Moving inside a small triangle, break under the base, around


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