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EUR/USD rally goes on
EUR/USD finds itself back above the 50-day simple moving average (SMA) at $1.1847, marking a significant recovery from the lows of a week ago. The next area to watch would be $1.19, and then above here the September peak around $1.21.
Momentum looks potentially overstretched on the four-hour chart, and move back below $1.1830 would signal a more bearish development.