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EUR/USD Bullishness Approaches Critical Resistance
EUR/USD (a daily chart of which is shown) as of Monday (4/04/2011) has reached a high of 1.4266 in early trading, establishing a new 5-month high and closely approaching the 1.4280 resistance high reached in early November 2010. This occurs within the context of a persisting uptrend that began in the beginning of 2011. The 1.4280 price region represents exceptionally strong resistance ...