Euro Extends Decline Despite Improved Confidence, British Pound Advances for 2nd Day
Posted 01-28-2010 at 11:42 AM by DailyFX
Tags currencies, dailyfx, forex, trading
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 Orders, Chicago Fed Index on Tap
Read more: DailyFX - Euro Extends Decline Despite Improved Confidence, British Pound Advances for Second Day http://www.dailyfx.com/forex/fundame...#ixzz0dvEhQY4m
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 Orders, Chicago Fed Index on Tap
Read more: DailyFX - Euro Extends Decline Despite Improved Confidence, British Pound Advances for Second Day http://www.dailyfx.com/forex/fundame...#ixzz0dvEhQY4m
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