Market still is bullish and might try to level with Sept. 2009 mark of 4084. No doubt a major correction is due in next month or so. It may go down soon then back up to 4100, be careful and check other time frame charts before getting into market.
It went up and hit high of 1.495 on Friday and now is likely to go down to 1.45 mark before continuing up again.
There are strong resistances at area 1.35 and 1.38, if bulls penetrates through these will take it to 1.43 or higher. Strong support is in the areas of 1.33 and 1.31.
It will hover around 1.3460 for sometime and as the channel gets narrowed down it should break out to go up till 1.35200-1.35500 and then revert back. Trend line AB indicates upward move to me.
Long till 1.3520 and then short to 1.33
Suggested SL 1.3540