Wednesday, 17 April 2013


The EURUSD Increases to Figure 32


Yesterday, it was a successful day for the EURUSD bulls. After the pair's another decrease to the 1.3029 support is was bought again, but this time, it is was at the full mercy of the bulls. Consequently, this euro managed to overcome the resistance of 1.3120-1.3140 and increase up to 1.3201, having increased above the level of 1.3171. Thus, the outlook has been substantially improved, and the bulls may rely on the pair's continued increase that is also proved by the Parabolic SAR below the price chart. However, there is the 100-day MA which is running at current levels, thus it may make the bulls' efforts difficult. This time, the pair is to be fixed above 1.3140-1.3120, otherwise yesterday's efforts will be in vain regarding the bulls.

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