Wednesday, May 1, 2013

EURUSD Price Action: Explodes higher from Inside Bar Price Action Setup, 30/04/2013

 The EURO has exploded higher, following the Inside Bar Price Action Setup Spotted in my last commentary on the pair. It remains to be seen if the recent high at about 1.3200 will halt this very strong bullish move. If it doesn't, we would anticipate a reversal as it moves into the Key Resistance Zone as indicated above.

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