Wednesday, September 9, 2009

FX Path

FX Path

EUR/USD - Making New Highs

Posted: 09 Sep 2009 08:30 AM PDT

EUR/USD Daily ChartAfter breaking out yesterday above the last major high of 1.4445 within the current uptrend, price action on EUR/USD has hit its initial upside resistance target at the top of a parallel uptrend channel that the pair has been traversing since early June. In the process, this currency pair has confirmed a continuation of the current prevailing uptrend and has made a new 2009, or 8-month, high. For more technical analysis on this currency pair, please click here for Wednesday’s (9/09/2009) Chart of the Day.
Posted by at 5:45 PM

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