The EUR/USD traded higher for the week. It recovered from the bottom of 1.3201 and closed the week at 1.3376. This is probably a small recovery and whether or not this recovery can be sustained, it will depend on what happens in Greece.
The EUR still looked weak and could potentialliy drop to 1.2995 regions.
Resistance is still strong at 1.3600 and the immediate resistance at 1.34 looked to be tested in the coming week ahead.
Sunday, April 25, 2010
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