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EUR/USD likely to resolve in move higher
EUR/USD is tracking lower this morning, following a failed attempt to break through the crucial $1.1824 level on Wednesday.
The levels to watch here are $1.1824 and $1.1740. An hourly close above $1.1824 would point towards a break higher, with $1.1847 and $1.1910 the next major resistance levels. Alternately, an hourly close below $1.1740 would signal a more bearish shift in short-term outlook.