EURUSD: Sustains A Third Week Of Upside Momentum, Turns Focus To The 1.5372 Level. EURUSD- EUR put in a third-week of consecutive upside gains the past week having broken and held above its key resistance levels especially its Feb 02’08/2007 highs at 1.4955/67.Following this technical breakout, upside targets are now seen at the 1.5372 level, marking its 1.618 Fib Ext and next the 1.5400 level, its psycho resistance level. The weekly stochastics and RSI remain bullish implying further upside gains. On the downside, supports are located at its 1.272 Fib Ext. at 1.5143 followed by the 1.5000 level, representing its psycho level. Invalidating the latter will set the stage for a move towards the 1.4955/67 zone, its horizontal trendline/ Feb 02’08/2007 highs which is expected to reverse roles and provide support and turn pair higher again. Below here if seen will pave the way for downside losses towards the 1.4751/52 zone, its Nov 09’07/Dec 11’07 highs and then the 1.4444/86 area, its .786 Ret/daily 100 ema. On the whole, having triggered the resumption of its medium and longer term uptrend, further price acceleration is expected by the pair in the days and weeks ahead. Directional Bias: Nearer Term –Bullish Short Term –Bullish Medium Term –Bullish Performance in %: Past Week: +2.37% Past Month: +2.12% Past Quarter: +2.20% Year-To-Date: +4.06% Weekly Range: High -1.5239 Low -1.4779

:lol :victory: :victory: