Price action on EUR/USD (a daily chart of which is shown) as of Friday (7/16/2010) has reached up to hit a high slightly above 1.3000, establishing a new two-month high, before pulling back. The steep uptrend that began in early June and that has begun to accelerate into July has broken several key levels within the past few days and weeks. For more technical analysis on this currency pair, please click here for Friday’s (7/16/2010) Chart of the Day.
James Chen, CTA, CMT
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