Friday 11 September 2009

EURUSD Breakout

Finally the EURUSD breakout has occurred.



I'll be looking for a pullback to the resistance level, with buying opportunities in a zone between 14,360 and 14,460, subject to further analysis.

Here is the breakout in close-up - notice that price hit a price target level at 14,632 which is a monthly pivot level - even though I am a month behind on updating my pivot levels.

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