Euro's overnight low was 1.3637 and that's a support level to watch. The stalling doesn't mean the uptrend is over but a break below that would be significant. To maintain a bullish outlook it needs to break 1.3759/86 and then 1.3860. Since it's hovering around below that resistance, the chances are reasonable that it will make the break.
© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.
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