Technical Analysis

Technical analysis: EUR/USD, looking out for key resistance

Date: Wednesday 27 Jul 2011

The currency pair has managed to overcome the upper part of a bearish price channel at 1.440, a first indication that the Euro may continue climbing. However, the truly important ‘bullish’ signal will not come until resistance at 1.4578 is overcome. In theory at least that would constitute a turn-around pattern,...

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