January 12, 2010 9:57 AM
EURUSD breaks through resistance
By fxdd
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The EURUSD breaks through the 100 and 200 bar MAat the 1.4491 level, confirmed the move via a move through the trendline resistance and is now looking to test the 1.4556 high from yesterday. Looking at the hourly chart, the price is also back above the trendline off the hourly chart, which comes in at the 1.4523 level currently. If this level can hold, the upside should be tested. If it can't the longs may look to take some profits.
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