The pair has convincingly broken out of its sideways trading range to the upside following many weeks of being trapped there. This technical development has opened up risk of further strength towards the 1.6720 level, its Nov 11’2011 high. Guest post by www.fxtechstrategy.com A clean break and hold above there will set the stage for a run at the 1.6782 level, representing its sideways range price target. This is established by measuring the height of the range and projecting it from the breakout point. Above here 91.6782) will call for more strength towards its 1.7039 level, its 2009 high. Its weekly and daily studies are bullish and pointing higher supporting this view. On the downside, any pullback if seen will target the 1.6365 level, its range breakout point where a reversal of roles as support is expected. Further down, supports stand at the 1.6228 level and then the 1.6164 level. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next AUD/USD Apr.22-Aussie Continues New Highs Against US Dollar on Tamar Schoppik 12 years The pair has convincingly broken out of its sideways trading range to the upside following many weeks of being trapped there. This technical development has opened up risk of further strength towards the 1.6720 level, its Nov 11'2011 high. Guest post by www.fxtechstrategy.com A clean break and hold above there will set the stage for a run at the 1.6782 level, representing its sideways range price target. This is established by measuring the height of the range and projecting it from the breakout point. Above here 91.6782) will call for more strength towards its 1.7039 level, its 2009 high. Its… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
