The EUR/USD reversed course today, showing how much underlying strength there is in the marketplace. Because of this, it still appears that buying is the way to go. However, it should be noted that the 1.45 mark is strong resistance. A break of yesterday’s lows gets us bearish again, but until then – we like the look of this chart.
Originally posted here
Read more about forex technical analysis, forex fundamental analysis and forex news on ForexMansion.com
About ForexMansion.com:
www.ForexMansion.com is a part of the Finance Mansion Network which operates global financial websites. Our goal is to provide our readers with the most accurate, quality and up-to-date technical analysis, fundamental analysis and news in order to assist them in making the right financial decisions.
The Finance Mansion Network includes www.FinanceMansion.com,www.ForexMansion.com, www.StocksMansion.com, www.CommoditiesMansion and many more.
