Good day forex traders .

Wanted to provide some inputs on the current EUR/USD situation. Hope you are having a fantastic week so far.

Looking at the EUR/USD 4 hourly chart above we note that the bullish trend did continue. The resistance region at 1.28 was tested and it failed. I love it when my analysis works!

It is Friday and the trading week is ending. Unexpected moves may happen due to positions closing and of course the ever present risk of forex gaps over the weekend is there.

Trade safely.

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EUR/USD Update 23 Nov 12

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