The EURUSD has been in a solid up-trend of late and has been bursting through all resistance areas. Price during yesterdays session retraced lower to test support, before moving back higher and closing well off the session lows.
The next major resistance for this pair comes in around the Very Big Round Number (VBRN) of 1.3000. The best play at this stage is to trade with the trend and any rotations lower should be looked upon as chances to get long with the up-trend.
EURUSD DAILY CHART – 13 SEP 2012
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