The EUR/USD gained bullish momentum last week after the Non Farm Payroll data came out better than expected. The Eu broke through some significant technical levels, specifically the trend line that has been acting as resistance since the EU hit all time highs in July of 08'. I expect this trend line to be retested earlier in the week and will be looking to take a long position if it proves to now be support. Short term/swing traders may have good short opportunities earlier in the week.
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