EUR/USD Technical Analysis for April 21, 2011

The EUR/USD broke the 1.45 mark on a close today, signaling more buying to be had. Because of this, we are even more adamant about not wanting to be short this market. Buying on pullbacks is the way to go as it appears we are going to be targeting the 1.50 mark in the future. The 1.45 area should become very supportive at this juncture now as well.

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