Good daytraders!

Euro dollar fell below 1.30. 20130304-200318.jpgIs the 50% fib level the next target? Stochastics is at oversold level but bullish cross has not yet happened.

Macd is still trending lower. We do not have any bullish signals yet and there is a high chance of further down trend if the pair continues to trade below 1.30.

~ Ardy
Currency Strategist
Forex Trading Blog