Monday, May 16, 2011

EUR/USD Has a Resistance Cluster at 1.42



The EUR/USD slid last Friday after an AB=CD correction. The market starts this week finding support at 1.4060, then resistance at 1.4150. However, if another corrective rally swings from 1.4090, an AB=CD projection targets 1.42.

Source: ActionForexall Rss Feed

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