The pair managed to hold well above the 1.4000 and 1.4050 after breaking up above the 1.4000 area. News has it that, signs of recovery is near and that the world would finally see light at the end of the tunnel. We might see EU breaking up above the triangle in the daily chart next week to retest the high at 1.4350. But before that, the hurdle at 1.4150 must be taken out convincingly 1st for the pair to move up further. do take note that price had not closed above the 1.4150 in the daily since it first rallied through the area on June 1st 2009. So in my view, this area would be heavily monitored prior to 1.4200.
No comments:
Post a Comment