Tuesday, March 10, 2009

EUR/USD has overcome hourly trendline resistance

 EUR/USD has overcome hourly trendline resistance at 1.2675 but found some resistance ahead of the next barrier at 1.2725 notes BNP Paribas. Above here the bullish point is 1.2750 with a break arguing for a rise toward 1.29. The bank adds that a daily close above 1.27 points the rate in the direction of 1.32. EUR/USD now at 1.2713.

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