Chart Alert: EUR/USD Next Resistance Level

February 2, 2013 9:45 am in Chart Alert

After breaking over the very critical resistance of 1,3486, EUR/USD did not look back and moved as high as 1.3711. Why 1.3486 was critical can bee seen first at this EUR/USD chart alert and also towards the end of this EUR/USD update.

Though the weekly closing was not very bullish last week but a break over recent 1.3711 should open the door to 1.3832 which is 61.8% retracement of the downward move from 1.4940 to 1.2042.

EUR/USD weekly chart:

Tags: chart alert, eur/usd, eur/usd alert, EUR/USD resistance levels

← GBP/JPY Breaks Over The Strong Resistance of 145.98

GBPUSD Technical Update – Bearish Momentum Continues →

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