ForexPros Daily Analysis April 14, 2011


Eur/Usd eyeing new highs again, after the pair found the base around 1.44 region where wave 4) may have already completed. As such, break through the wave 3) highs is expected when gains should accelerate towards wave 5) 1.4550 and 1.4620 targets.

For now important support still stands at the previous wave 4, near 1.4375, if another pull-back occurs.

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Forex Trading analysis written by Gregor Horvat for Forexpros.

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