Forex4you Technical Analysis 01 June 2011

EUR/USD: Technical Analysis

The EUR/USD pair is pulling back after its recent rally. It will probably fall as far as support from the support and resistance level at 1.4370 and a channel line at the same level. After that it should resume its uptrend, possibly matching the recent highs at 1.4450.

Analysis by: Arkady Nagiev

                    Forex4you analyst

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