Saturday, February 11, 2012

Chart Of The Day: EUR/USD

May 28, 2009 by · Leave a Comment 

Price action on EUR/USD (a daily chart of which is shown), despite a bearish correction, continues to traverse a steep, short-term uptrend channel. This correction occurred after price retreated earlier this week from the key 1.4050 resistance. Currently, the pair is attempting to regain the ground lost during the correction,…

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