FX.co ★ EUR/USD , Bearish Outlook, February 24, 2011 (Daily Strategy)

EUR/USD

The Euro – United States dollar pair, is around 1st weekly resistance, from there downward turn north, due to fears in financial markets and with the escalation in the Arab world increasing in the background, it is likely the correct time for entry into a sell deal on the pair.

The RSI indicator adds weight to the negative prediction on the pair, which is likely to move back down to the lower range of the shuffle. with an exit goal around the trend line of 1.3650 United States dollars for one Euro