Thu Jan 20 2011 7:43 am EST (GMT -5)
Trader Comments : Forex Signals - The EUR/USD is again pushing above 1.3500 after retracing yesterday. That retracement led to a break below a bullish trendline support seen on the hourly chart extending higher from 1.3250 low on Jan 18. We may now see EUR/USD test the back side of this trendline (new resistance) around 1.3540/50. The pair has been baiting in anxious shorts for several days and we have avoided the traps. We may now have a real opportunity once the trendline is tested. This will be reviewed by our head of trading in today's Live Session.
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