Thursday, February 6, 2014

EUR/USD Settles Above Monthly PP

Although we were expecting the Euro to remain below the monthly pivot point, it did rise above 1.3582/61 and test the 100-day SMA. If the resistance at 1.3616 also fails to contain the current rally, the pair will have a good opportunity to probe 1.3760, a multi-year down-trend resistance line,



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