2010-02-16

Another look at the euro

I've just finished up Technical Analysis Explained by Martin Pring. One system mentioned in the book is a 10-week moving average, plus 6-week and 12-week rate of change. Below is the CurrencyShares Euro (FXE) with those indicators, plus a relative strength reading on top, along with the buy and sell signals. Clearly still bearish at the moment.

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