FX.co ★ EUR/USD Sell Below 1.4250, October 28, 2011 (Weekly Strategy)

EUR/USD

The Euro is trading at 1.4168 versus the dollar, with upward trend on the weekly chart. Since its minimum at 1.3143 to maximum 1.4243 yesterday, there are four green candles that have closed bullish, now faces a strong barrier at 1.4250, strong resistance if Euro breaks through so sharp, the next month have the pair trading in ranges, 143 to 1.47.
But if the euro back, find support near 1.3800. we will be watchful to see what happens with the closing of quotations of this week and the end of October, for entry with our bearish strategy.