By ForexMansion.com

 

The EUR/USD broke the 1.45 mark on a close today, signaling more buying to be had. Because of this, we are even more adamant about not wanting to be short this market. Buying on pullbacks is the way to go as it appears we are going to be targeting the 1.50 mark in the future. The 1.45 area should become very supportive at this juncture now as well.

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.