Get Ready for a Euro Rally
05/20/2010 12:01 am EST
The euro has been below the Multiple Linear Regression (MLR) line since April 15, and a breakout above yesterday's MLR at 123.46 would signal the beginning of a short-covering rally targeting the Adaptive Moving Average (AMA) at 128.07. The RSI is also oversold, so heads up!
By Michael Riordan of FocusTrading.com