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EUR/USD extends post-referendum gains
EUR/USD has seen an incredible recovery despite the negative result of Sunday’s Italian referendum, with price breaking out from the $1.0525-$1.0606 range to post a bullish short-term outlook. Despite a short pullback, we are seeing price rise once more, as it moves back towards yesterday’s highs of $1.0796. An hourly close above that level points towards further gains, with key resistance levels of note at $1.0822, $1.0851 and $1.0912.