Price action on EUR/USD (a daily chart of which is shown), despite a bearish correction, continues to traverse a steep, short-term uptrend channel. For more technical analysis on this currency pair, please click here for Thursday’s (5/28/2009) Chart of the Day.
UPDATE: As of Friday (May 29) morning, price action on this pair has broken outĀ above the noted 1.4050 high, reaching a new high of 1.4133. Further bullishness should ultimately target further resistance in the 1.4300-1.4350 price region.
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