25-04-2006
The up trend of EURUSD is limited by the price channel. The sensitive resistance is at 1.2437 (the day high of yesterday), if this resistance holds, EURUSD will top here and pullback to test 1.2266, the key support on 4 hours chart; and if 1.2437 is broken above, EURUSD has topped at 1.2393 (Apr 19 high), and will move higher to 1.2500, and the next cycle top will be after Apr 28.
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