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View Full Version : Euro's Decline Against Pound May Persist: Technical Analysis - Bloomberg



NewsWhore
05-21-2009, 05:36 AM
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Euro&#39;s Decline Against Pound May Persist: Technical Analysis (http://news.google.com/news/url?sa=T&ct=us/3-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601100%26sid%3DaDp2JWg6JCaI%26refer%3Dgermany&cid=0&ei=-hQVSsz1EpKxmAfygOGjCA&usg=AFQjCNHSgGTajLuhjEViH-INb72gj2_5Ow)
Bloomberg
Parabolic Systems, which traders use to track the strength of a trend, switched to a sell sign for the euro versus the UK currency two days ago. The Commodity Channel Index, a gauge of price direction, signaled the euro has been in a so-called oversold ...


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