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EURUSD could break resistance and head towards 1.3780
Posted by Alex on February 27, 2010 · Leave a Comment
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.