EUR/USD Technical Analysis for the Week of April 25, 2011

EUR/USD broke above 1.45 this week and shows that the EUR/USD trend is serious. The market looks to run to 1.50, and one would have to believe that this market will find it fairly soon. The selling pressure that the market saw this week was reversed sharply, and looks as if buyers simply jumped in.

Written by ForexMansion.com