Forex: EUR USD Evolution:
The evolution of EURUSD marks a steep upward trend that began earlier this year. The graph shows the share price crosses almost the level of resistance is at 1.4538. Most investors are predicting that this rise will continue for at least the next two days. But we should not overlook this pair because an important indicator, as is the RSI shows a level of alert as it is in at 65.30 which is very close to 70 is considered a sell signal area.
If you look closely at the pair seems to be located very close to the overbought area since mid-January 2011.
A second resistor can be seen at the 1.5107 which can be reached by the market during the coming sessions.
The volume on the other hand shows a slight decline during the last session but in general terms, Forex trades below the range showing since October 2010.
The representation of the moving averages do not seem to give very clear signals at this time.
