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Will the U.S Dollar Experience a Pullback ?

Posted, by FXalhabib on November 20th, 2010

EUR USD has bounced of the 1.3446 low and is currently trying to take a bullish bias. Breaking of the 1.3446 minor support line, will continue the bearish momentum and target the 1.3380 major support line. Upside momentum is limited, unless the 1.3823 resistance line is broken to change the sentiment and target the 1.4084 resistance line. An Irish bailout will bring back the EUR USD bullish momentum.

Authored by, FXalhabib
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