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The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...
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Thursday, October 27, 2011

"Euro-friendly?"

The EUR/USD forex pair is running into a confluence of overhead resistance at 1.42 as shown on the 5-Year Weekly chart below...will see if it continues up, or if it begins to consolidate between 1.42 and 1.40 before either resuming upward, or if its attractiveness fades and it reverses trend.