Thursday, November 29, 2012

Forex Analysis: EUR/USD Stalls Rise Near Key Resistance Confluence

EUR/USD (daily chart) has tentatively stalled its climb of the last few weeks just under a strong resistance confluence. The confluence factors include both the important 1.3000 level and a long-term bearish resistance trend line extending back to the May 2011 1.4937 high. Price has been consolidating under this resistance confluence for the entire trading
Read More... [Source: Forex Crunch - Posted by FreeAutoBlogger]

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