Thursday, April 21, 2011

EUR/USD ~ Update ~ 21 April 2011

(Read my last EUR/USD update here)

As said last weekend the 1.425ish area should be a strong support level.

Early this week the EUR/USD tested the aforementioned level and since then we've seen a huge rally to over 1.46.

As long as we stay within the channel I still expect to see a 1.5x handle later this year.