EUR/USD analysis of the week (4h candlesticks)

By ForexTribe
17 March 2010 @ 06:40 am EDT

The parity EUR/USD made a pullback on the upper band of its triangle. The price is currently testing the resistance at 1.38 (last highest reached in February and in March 12th). A break out of this resistance will offer a new buy signal. We maintain to trade only long positions. As far as 1.38 is not broken, a second pullback on 1.37 is possible.



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