FX Path

Posted: 22 Sep 2009 08:55 AM PDT

Bullish price action on EUR/USD, a daily chart of which is shown, has just hit a precise one-year high, as Tuesday's (9/22/2009) high was shy of the high reached a year ago on 9/23/2008 by just a few pips. In the process, price has approached strong historical resistance in the 1.4900-1.4950 price region. For more technical analysis on this currency pair, please click here for Tuesday’s (9/22/2009) Chart of the Day.

- James Chen, CTA, CMT

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