EUR / USD shot up to 1.267 this afternoon. A series of buy stops above 1.26 was touched and provide momentum for the EUR / USD. Possible changes in the trend started to look at this pair, although Europe has not improved but the fundamental demand for the Euro seems to increase. Resistance now at 1.28. If today's close above 1.28 will give a positive signal for the euro.
Friday, May 21, 2010
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