Euro Breakout Possible

March 9th, 2014
in contributors, syndication, forex

Econintersect:  Christopher Lewis of FX Empire has a bullish alert for the EURUSD currency pair as the chart has seen a close above the 1.38 level.  This represented breaking strong resistance and Lewis feels long-term bullish positions should be taken if the pair closes above 1.39.  He feels that 1.50 is a possible upside once 1.39 is surpassed.  He says, however, a turn back below the trend line would be "very negative".

Chart is discussed in video after the Read more >> jump.

Follow up:

John Lounsbury



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