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EUR/USD heading towards key resistance level
EUR/USD has been gaining ground following yesterday’s bounce from $1.0525, with the price now heading towards the absolutely crucial $1.0629-$1.0640 resistance zone.
The ability to break through that resistance area is key to understanding whether we are seeing a bottom, or just consolidation before further losses ensue. In the shorter-term, a break through yesterday’s high of $1.0615 is required to carry the short-term uptrend through.