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EURUSD at Major Resistance Line – Must See

March 28th, 2011 by forexcityguy

eurusd-negative-trend-line

As pointed out on the forum, EURUSD is at a major negative trend line here spanning back to 2009, which is why I’m reading articles aptly named “This week a critical point for Euro Bulls” and the like.  Here I am reluctant to buy or sell until the trend line is broken to the upside or a down trend forms (or at least some nice tradable ranging action).

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