| Log In | Register Now
EURUSD: With a positive close printed on Thursday, EUR was seen following through higher on those gains in early trading today. This suggests that as long as the pair continues to hold above the mention pattern, odds are for higher prices to be printed. Resistance lies at the 1.4143 level, its Jun 24’09 high with a turn above there allowing EUR to head further higher towards its YTD high at 1.4339.Above there will have to be printed to resume its medium term uptrend towards the 1.4719 level, its Dec 18’08 high and possibly higher targeting the 1.4867 level, its Sept 22’08 high. On the contrary, weakening from its current price levels will highlight the 1.3826 level, its Jun 22’09 low and then the 1.3738 level, its Mar 19’09 high where a cap is expected. A break and hold above there will turn focus to the 1.3479 level, its weekly 200 ema. On the whole, having resolved to the upside from its declining channel, risks remain to the upside.
Phillip Phillips: Things You Need to Know, His Girlfriend and His Victory at the American Idol [PHOTOS & VIDEO]
Aishwarya Rai To Attend Cannes 2012 Amidst Baby Weight Gain Controversy [PHOTOS]
World’s Largest Pool, The Crystal Lagoon Chile, Wows Guests At San Alfonso Del Mar Resort [PHOTOS]
Top Ten Happiest Countries in the World in 2012 [SLIDESHOW]
Are Record-Low Mortgage Rates Hurting The US Housing Market?
Free Edition
TAKE A TOURWe value your privacy. Your email address will not be shared.
