Article
US Dollar Bullish Traders Not Abandoning
Posted, by FXalhabib on December 11th, 2010
This week the EUR USD started on a high note, but was unable to contain the uptrend. The 1.3422 resistance line proved to be a strong contender to break, which resulted in the currency pair to decline this week. On the positive side for the bullish traders, the EUR USD didn’t fall below the 1.3000 level or break the 1.2968 support line. Look for the currency pair to continue the bullish sentiment to the 1.3784 resistance line, if it breaks the 1.3422 resistance next week.
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