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in Paul's Musings - 25 Mar, 2012
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Next week , what next for the euro?

A feeling here that the euro may have some further gains this week .

Below is the 1 hour chart and the resistance area is totally obvious.

EURUSD 1 Hour Chart

EURUSD 1 Hour Chart

So on a break of that 1.3280 line look for a retrace and a failure to break back to the down side to go long.

Here is the daily chart

EURUSD Daily Chart

EURUSD Daily Chart

Any buy trades taken will have to be respectful of the top channel line and possibly 1.3475 is the next major resistance.

For our website members in addition to our Candlestick alerts , data analysis and harmonic alerts , we now have Predictive Harmonic Pattern Forecasting ( PHPF) added to our tool set.

This is going to be a great in terms of what we do here , with over 200 charts monitored it is impossible to keep track of everything thats going on , so the PHPF is going to help us even more , especially with the setting of pending orders.