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EUR/USD: Short-term symmetrical triangle favours a bullish bias
EUR/USD is consolidating after the break of the resistance at 1.3319. Next resistances can be found at 1.3434 (20/02/2013 high) and 1.3520. The short-term technical configuration remains positive as long as the support at 1.3266 (see also the short-term symmetrical triangle) holds. Another support can be found at 1.3178 (10/06/2013 low). In the medium-term, the recent price action from 1.2746 (04/04/2013 low) is viewed as a corrective phase within a larger downtrend. However, the recent new highs above the resistance at 1.3319 (25/02/2013 high) indicates a persistent short-term buying interest. Another key resistance ... (full story)
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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