Well Eur/Usd test the top of this channel and then break through?

Written October 14, 2009 at 9:23 PM EST by  

After today’s comments from Aud RBA Gov Stevens making a strong statements about rasing rates the Aud/Usd started to continue its rally against the Usd which provided more momentum for the Eur/Usd to make new highs. Eur/Usd right now is getting close to the top of this channel see here on this chart which might provide some resistance on this long Eur/Usd run.

eurusd-daily-10-14-09

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