We are still headed for resistance at 143.43 and a break here will revive my bullish count and call for a new high above 149.36. As long as support at 138.61 isn't broken to the downside, my bullish count is well and alive, but a break below 138.61 would invalidate the bullish count and turn EUR/USD much lower.Friday, May 27, 2011
EUR/USD - Headed for resistance at 143.43
We are still headed for resistance at 143.43 and a break here will revive my bullish count and call for a new high above 149.36. As long as support at 138.61 isn't broken to the downside, my bullish count is well and alive, but a break below 138.61 would invalidate the bullish count and turn EUR/USD much lower.
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