The last month candlestick closed above the broken downtrend and November 2010's High (at 1.4280 levels) .
The Monthly candlestick has a long downside tail indicating rejection of this level and bullish reaction of the backside of the broken trend .
The Weekly candlestick closed as a strong bullish one up to 1.4634 which is the second weekly closure above the broken downtrend .
The horizontal level 1.4250 provides good support for the price indicated by the strong bulish candles after hiting it .
The price is making obvious higher lows and higher highs so we are in a solid up direction .
The Daily candlestick closed as a strong bullish one up to 1.4634 , thus breaking the resistance level 1.4520 which was an obstacle in the way of price to the upside .
What participated in that the strong negative announcements of the USD last friday .
It apears also that the price made a higher low on the daily frame , as it was moving in a bullish channel before .
We must give attention the area around 1.4750 as it's a strong resistance specially if the prices reaches it directly without retracement .
This resistance is at the lower limit of marked broken consolidation range and the backside of the broken bullish channel .
