Is testing short term important resistance in the 144.19 - 144.30 area, if this area is broken to the upside we should see the next rally towards at least 146.63 and more likely 149.32, from where the possibility of a top increases dramatically. Support is in the 142.91 - 142.99 area and should ideally protect the downside for now.Sunday, July 31, 2011
EUR/USD - testing important short term resistance
Is testing short term important resistance in the 144.19 - 144.30 area, if this area is broken to the upside we should see the next rally towards at least 146.63 and more likely 149.32, from where the possibility of a top increases dramatically. Support is in the 142.91 - 142.99 area and should ideally protect the downside for now.
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