| EUR/USD - Consolidation After Bullish Trend Run Posted: 27 Sep 2010 09:27 AM PDT  Price action on EUR/USD (a daily chart of which is shown) as of Monday (9/27/2010) has consolidated its substantial gains of last week by trading in a relatively tight range above the 1.3400 support/resistance level. This occurs within the context of both a steep bullish trend run that has been in place for the past two weeks, as well as a general uptrend extending back to the early June pivot low. For more technical analysis on this currency pair, please click here for Monday’s (9/27/2010) Chart of the Day.
James Chen, CTA, CMT * For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
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* For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here. 
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