Price action on EUR/USD (a daily chart of which is shown) has made a tentative break of strong resistance in the 1.3735 price region. This occurs after price bounced up off a key uptrend support line on Monday. The next key resistance target to the upside resides in the 1.3900 price region. Dynamic support on a breakout failure resides around the level of the noted uptrend support line.
UPDATE: As of Thursday (5/21/2009) afternoon, New York Session, price has risen all the way up to hit noted resistance in the 1.3900 price region.
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[...] breaking out above a couple of key resistance levels (at 1.3735 and 1.3900, see the earlier blog post here), price action on EUR/USD has reached all the way up to test and slightly surpass the 1.4000 [...]