Price action on EUR/USD (a daily chart of which is shown) as of Monday (4/11/2011) morning has stalled right below key resistance, hitting a high just 18 pips below its 1.4500 resistance target. This approach of resistance caps off a full three months of steep bullish trending. Price is therefore at a critical juncture. For more technical analysis on this currency pair, please click here for Monday’s (4/11/2011) Chart of the Day.
James Chen, CTA, CMT
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