"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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EUR/USD - Surging higher towards its key resistance at 1.3711
EUR/USD surged higher yesterday, breaking its resistance at 1.3646 (03/10/2013 high). The short-term technical configuration is positive as long as the support at 1.3598 (14/10/2013 high) holds. An initial support lies at 1.3657 (intraday low). Monitor the test of the key resistance at 1.3711. The medium-term bullish momentum does not show any sign of weakness yet. However, the increasing overbought conditions and the key resistance area given by the long-term declining trendline (around 1.3976) and the psychological threshold at 1.4000 should put a cap to the medium-term upside potential.
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"The meek shall inherit the earth.." Yeah right, good luck with that shit..
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