[B]EUR/USD is flirting with the 1.30 line and currently fails to make the breakout that many people are waiting for resistance is very strong. In the narrowing uptrend channel, it will soon have to make a decision.[/B]
[URL="http://www.forexcrunch.com/wp-content/uploads/2010/07/eur-usd-uptrend-forecast.jpg"][IMG]http://www.forexcrunch.com/wp-content/uploads/2010/07/eur-usd-uptrend-forecast-450x233.jpg[/IMG][/URL]
[URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] already crossed the psychological level of 1.30 on July 16th, peaking at 1.3007. 4 days later, it also crossed this line, reaching a higher peak 1.3027. It also traded above the line yesterday and today, with the recent peak being 1.3046. But it doesnt really make the strong breakout that many people are expecting.
Read the rest of the article about [URL="http://www.forexcrunch.com/eurusd-this-is-resistance/"][I][B]EUR/USD resistance[/B][/I][/URL].
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