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Stay Lines

Posted 01-28-2010 at 12:39 PM by zdo

Line Changes:
None

Position Changes:
None. Short

Order Changes:
None
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zdo
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Old

Euro Extends Decline Despite Improved Confidence, British Pound Advances for 2nd Day

Posted 01-28-2010 at 11:42 AM by DailyFX

The Euro extended the two-day decline and slipped to a fresh monthly low of 1.3932 during the overnight trade, but we may see a corrective retracement in the EUR/USD over the remainder of the week as the RSI continues to slip deeper into oversold territory.

Talking Points
• Japanese Yen: Losing Ground Across the Board
• Pound: Maintains Board Range Against the Greenback
• Euro: European Confidence Hits 10-Month High
• US Dollar: Durable Goods...
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