nmike

EUR/USD weekly (update)

Long
FX:EURUSD   Euro / U.S. Dollar
9
The EURO is near KEY resistance.If the EURO rises above it, it's likely to keep rising within the wedge . As long as the up trend stays intact, the EURO should reach the apex of the wedge approximately near the beginning of 2014 which also coincides with MAJOR resistance.The other scenario is that the EURO fails to rise above key resistance and falls below wedge , that would put the current up trend in jeopardy.

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