By ForexMansion.com
By breaking above the 1.40 area, the EUR/USD has entered a new bull phase. The area was considered to be very strong, and as such, traders piled into the buying of this pair. It now appears that the 1.42 area is minor resistance, and should give way. A run to 1.45 seems to be in the cards. In order to sell this pair, we would have to retreat back below the 1.38 level, however unlikely that might seem.
