EURUSD 1h Chart 30 august 2011

Eurusd still unable to break above 1.4550 key pivotal resistance. Euro is holding these levels mostly due to USD weakness while Euro sovereign debt still building & ECB buying bonds to calm down market. The issue is not over as growth slow down. Watch 1.4550 on the upside break up toward 1.49/150.
On short term we have support at 1.44 1.4370. Levels on chart.

eurusd 1h 30-8-2011

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

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