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EUR/USD bounces towards bullish view
Last week’s EUR/USD losses gave many the view that we were in the process of seeing a return of the bearish sentiment that was expected to push the pair to parity last year. However, as stressed, we remain within an uptrend here, and the inability to break below 1.1144 signals exactly that.
Current price-action is looking to create a new higher high, should we see a break through 1.1317. That would also confirm the higher low. Should that occur, we would be looking towards the crucial 1.1335 resistance level as next resistance.