Forex4you Technical Analysis 24 Feb 2012

EUR/USD: Technical Analysis

The EUR/USD has risen strongly, breaking above key resistance from a major channel line and there is a strong possibility now of even more upside. A little bit of resistance resides at 1.3400, then there is the R2 weekly pivot at 1.3443 before substantial resistance kicks in at 1.3550 – my main longer-term upside target.

Analysis by: Joaquin Monfort
                    Forex4you analyst

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