4H Graphs Weekly EUR/USD Forecast

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4H Graphs Weekly EUR/USD Forecast

Mon, Feb 28 2011, 14:27 GMT
by ForexMillion

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After the pair rebounded from support level 1.3720 it is now trading along an uptrend. Next it is supposed to meet resistance cloud around levels 1.3800–1.3830. If the pair keeps on rising above those levels, we will expect the uptrend to continue with the upside target set at resistance level 1.3940. In case of further upside, EURUSD will reach resistance 1.4050.
A downtrend is supposed to start in case the pair drops below support level 1.3690, which will be followed by moving down to support level 1.3525. Next support will be found at mark 1.3365.

Published On Mon, Feb 28 2011, 14:28 GMT Previous entries

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