Breakout Buy level : 1.4858.
Strong Resistance : 1.4849.
Original Resistance : 1.4835.
Inner Sell Area : 1.4821.
Target Inner Area : 1.4786.
Inner Buy Area : 1.4751.
Original Support : 1.4737.
Strong Support : 1.4723.
Breakout Sell level : 1.4714.
The EUR/USD got a strong Bullish momentum this week, this situation is likely to remain until next week after the Royal Weeding of prince William and Kate Middleton at the Westminster Abbey Church on Friday, April 29th / 2011. For today we predict the Buyers still hold the majority position for this spot rate rather then the Sellers; however it is not possible some big players will put againts the crowd position (red: the Buyers) for avareging position, usually they are "counter trend" traders. But we prefer not to open trades againts the trend (red: Uptrend) until next week after the Royal Weeding ceremonial ends.
TODAY SUGGESTION :BUY if the EUR/USD can break out and close above the 1.4881; and set the first target at the mark 1.4900 and the second target at the 1.4925.
SELL if the EUR/USD can break out and close below the 1.4835 (Today Original Resistance); and set the first target at the 1.4821 (Today Inner Sell Area) and the second target at the mark 1.4800.