The Advisor Weblog |
| Posted: 10 Oct 2011 04:39 AM PDT The EUR/USD is about to test a key level, the 1.3660 area; take a look at the daily chart:
I would expect a small retracement if reached, yet if we consolidate nearby, we may see a break higher in the pair, with 1.3800 area as next strong resistance zone. Here is the technical update of the cross:
http://www.fxstreet.com/technical/forex-strategy/the-best-pair-to-trade-now/2011/10/10/
PS: do you know what RORO is?? Check FXstreet.com glossary and find out!:
http://www.fxstreet.com/education/glossary/
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