More at http://daily20pips.blogspot.com/2013/01/gemma-merna-unleashes-her-appealing.htmlEUR/USD broke below the downside support level of 1.40, 317 day(s) ago. This is a bearish sign. This previous support level of 1.40 may now provide upside resistance. Volume on the day of the breakout was quite heavy–122% above average. This makes the breakout even more significant. If you decide to trade FOREX EUR=, you may want to place a stop loss just above the support level, in case the breakout is premature.The most recently confirmed upside resistance level for FOREX EUR= is around 1.34. Expect prices to have some difficulty rising above this level. A break above this level (particularly on heavy volume) would be a bullish sign.
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