| EUR/USD - Continues Uptrend After Fed Announcement Posted: 04 Nov 2010 11:30 AM PDT  Price action on EUR/USD (a 4-hour chart of which is shown) as of Thursday (11/04/2010) has continued its uptrend on the heels of Wednesday's Fed announcement. The bullish surge that resulted from the announcement prompted price to break cleanly out of its previous consolidation above 1.4000 (after breaking out of the triangle pattern), all the way up to approach its initial 1.4200 resistance target, establishing a fresh 9-month high. For more technical analysis on this currency pair, please click here for Thursday’s (11/04/2010) Chart of the Day.
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