EURUSD Clears Resistance

Published March 13th, 2009 - 12:37 GMT
Al Bawaba
Al Bawaba

The EURUSD has cleared strucural resistance and the pair is on its way to 1.33 at minimum.  A correction could bring the pair back to former resistance, now potential support, at 1.2870 or 1.2845.  The bull trend is intact as long as price is above 1.2730 (bulls can move risk to there).