By
James Chen |
Technical Analysis | Jul 26, 2010 07:43PM GMT |
EUR/USD (a 4-hour chart of which is shown) as of Monday (7/26/2010) has ascended to reach for key resistance around 1.3026, which represents the top of a shooting star candle that established the 2-month high for the pair just last week. This occurs within the context of an accelerated uptrend channel that originally stems from the 1.1875 low in early June.
For more EUR/USD technical analysis, please click here. James Chen, CTA, CMT Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
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