EUR/USD Technical Analysis for April 20, 2011

The EUR/USD reversed course today, showing how much underlying strength there is in the marketplace. Because of this, it still appears that buying is the way to go. However, it should be noted that the 1.45 mark is strong resistance. A break of yesterday’s lows gets us bearish again, but until then – we like the look of this chart.

Written by ForexMansion.com