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EUR/USD reaches crucial resistance zone
EUR/USD has rallied into the $1.1745 resistance level once more, with the pair showing the potential for a bullish breakout. The trendline has been redrawn to reflect that this recent peak coincides with the mid-May and early-July tops.
Ultimately it will all come down to whether we see that $1.1745 level broken or not. Should that occur, then we would be looking at a potential period of upside. Otherwise, there is a strong chance we will see weakness creep back in to maintain this symmetrical triangle formation.