Thursday, March 4, 2010
EURUSD looking to target 1.3800
EURUSD broke above an important level at 1.3620 and it seems that it is currently looking to target 1.3800 level. The zone between 1.3800 and 1.3850 levels is important because once EURUSD manages to break above that zone, then we will be looking at EURUSD heading towards 1.4000 level.
The current momentum seems to be technically with buying at the moment and we might find intra-day traders focusing the same way.
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