pair is at the lower limit of the upward trend in the four-hour chart 1.363. If this level is broken the pair quickly drops to 1.35. However, bulls can defend this level and then see a rise to the upper limit of the upward trend to 1.39 and then further to 1.4. It all depends on the Fed's actions to curtail the program to support the economy. Just at the beginning of the year can be unpredictable movements and high volatility. I think with a little break down, couple still go up with the trend. Big impact will tonight speech from Fed Chairman Bernanke
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