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Eur/Usd Technical Analysis for 24th November 2008

The 4-hour chart shows that the momentum is still bullish. However, its Relative Strength Index (RSI) floats near the upper line indicating that the current trend might be closing to its end. On the hourlies, the local bearish correction is already intact. A bearish cross of the Hourly chart’s Slow Stochastic validates that correction as well.

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