EUR/USD Technical Analysis 04.05.2013
EUR/USD Technical Analysis– Prices took out falling trend line resistance set from early February after putting in a bullish Harami candlestick pattern, pointing at gains ahead. Buyers now aim to challenge the 1.30 figure and the 23.6% Fibonacci expansion at 1.3139. The trend line, now at 1.2824, has been recast as support. A turn back below that eyes the March 27 low at 1.2750. We have now entered long.
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