Offers at the big number still thwart a break up even though we’ve traded the big figure. Given that it’s not falling back from the level suggests that it’s going to go at some point but as usual if time drags on then the buyers may think the sellers are too much for them and we could see a pull back. Damn these slow typing fingers as we trade up to 1.3905
If we do blow through then 1.3950 may come into focus pretty swiftly but 1.3930/45 looks to be a mild sticky area before then.
EUR/USD h4 chart 11 04 2014
It’s still going to be pretty hard going to 1.40 as we have the March high at 1.3966 and then barrier interest at 1.3975 & 1.3990, the Feb 2012 resistance line at 1.3987 and barrier protection at 1.4000
