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EUR/USD revival continues
EUR/USD has pushed above the downtrend line from the May highs, continuing an impressive rebound from the $1.13 nadir of August.
The July highs around $1.1750 are likely to provide a zone of resistance, and then $1.1852 comes into play. For the time being the outlook is near-term bullish, but a reversal back below $1.16 could well signal the reassertion of the bearish momentum that has prevailed over the past four months.
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