Sunday, August 30, 2009

EUR/USD chart analysis


A quick update on the EUR/USD:
1) uptrend is evident
2) resistance at 1.44 (look at the zone highlighted in yellow)
3) safe buy trigger? if we go above 1.45
4) there is always a risk of another false breakout like those that happened in the previous weeks
5) watch what the stock markets and crude oil do: if they go down, this puts pressure on the EUR/USD currency pair to go down as well.

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