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EUR/USD gaps into new three-month highs
EUR/USD has started the week in a bullish fashion, with the price jumping through the crucial $1.0829 resistance level at the open. The next hurdle to overcome is $1.0874, yet ultimately we now have the required move to lead us to believe that we will see further gains to come for the medium term.
An hourly close above $1.0874 would provide a position where we could see this pair push higher in a meaningful manner, given the distinct lack of significant resistance above that level. We would need to see a break below $1.0760 to provide a more bearish view.