EURUSD: Watch for Breakout

March 2nd, 2014
in contributors, syndication, forex

Econintersect:  Christopher Lewis at FX Empire says the Friday chart for EURUSD is very bullish.  The close does sit at resistance (1.380) and a moving average sits just above (1.387), which could also serve as resistance.  But if the moving average line is breached then the set up is very bullish.  Lewis says to buy on pullbacks and to be ready to buy if the price moves above 1.39.

Click on chart for larger image.
Chart is discussed in video after Read more >> jump.

Follow up:

The video report from Chistopher Lewis, FX Empire, for 03 March 2013:

John Lounsbury


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