Sunday, April 26, 2009
EUR/USD strategic forecast: April 27
The pair is being traded along an uptrend. Level 1.3290 shows a temporary resistance, and a correction is possible from there. 1. Correction to support level 1.3125 is possible. I’m expecting the uptrend to continue from that support, retesting the resistance 1.3320. In case the pair rises above level 1.3360, ascending intention will be amplified and resistance 1.3590 will be reached. 2. Downtrend should be considered only if the pair drops below level 1.3010. In such case it will reach level 1.2776.
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