Saturday, February 27, 2010
EURUSD testing important levels
EURUSD is currently looking to test some important level at the moment. A good resistance can be seen at 1.3670 and EURUSD touched it once yesterday and might look to test it once again.
If EURUSD managed to continue the current upward momentum and managed to break that level, then we will be looking EURUSD heading towards 1.3780 level and see the upward trend initiated.
Keeping the current scenario in mind, it is most probable that we might see EURUSD taking a dip and heading back to its target at 1.3500 level. Once EURUSD breaks that level again, we will be looking at EURUSD targeting 1.3320 level next.
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