Monday, January 24, 2011

Where to for the Euro?

Big move by the euro this morning. So where are we going?



The $1.34 line had been resistance for over 1 month, but the euro sliced through it last week and has been up since then. The next target is $1.37. It is the last significant resistance line going back to November.


However, the dollar is a support around 78 now. Something has to give!

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