Price action on EUR/USD (a daily chart of which is shown) as of Monday (3/01/2011) has stalled just under key resistance in the 1.3860 price region, which is the level of the significant high reached in early February. This close approach of resistance occurs within the context of a general trading range consolidation that has been in place for over a month. For more technical analysis on this currency pair, please click here.
James Chen, CTA, CMT
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