EUR/USD Technical Analysis for May 3, 2011

The EUR/USD pair had a slightly bullish day today, as the market is starting to look a bit tired. The 1.49 area is proving difficult, but the trend is firmly up from here, and any move down will more than likely prove to be a pullback that is corrective in nature. Look to buy on support areas such as 1.45 and 1.43 as well. Selling isn’t advised.

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