EUR/USD Consolidating After Uptrend

April 14, 2008 04:15 by Jon

The EUR/USD has enjoyed a nice uptrend in recent months.  In the past few weeks, though, its momentum has stalled, and it's failed to get much above 1.5900.  I'm going to stand aside and wait to see if it makes a decisive move above 1.5900 or below the rising trendline that has been providing support before taking a position.

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January 6. 2009 17:41