EUR/USD Technical Analysis for April 28, 2011

The EUR/USD had a break out day today as the pair broke above the 1.47 area with conviction. Because of this, the 1.45 area can now be considered a floor of sorts, and that buying is the only direction you can go at the moment. The pair is a “buy on the dips” market without a doubt.

 

Written by ForexMansion.com