September 15, 2009
Current level-1.4599
EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are neutral, and trading is situated above the 50- and 200-Day SMA, currently projected at 1.4134 and 1.3523.
With yesterday's break above 1.4569 resistance, the uptrend was renewed, peaking at 1.4652. A break above 1.4639 will target 1.4719 reversal area and crucial for the current uptrend is 1.4520.
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