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EUR/USD resurgence unlikely to last
EUR/USD has been regaining ground over the past two days, following the wedge breakout we were discussing on Wednesday. While we have set a new higher low, the pair has yet to retake the $1.0641 resistance level, which also coincides with a descending trendline. Ultimately, despite this resurgence, a close back above $1.0689 would be needed to regain any sort of bullish tone and until then, the bearish outlook remains dominant. Support levels in view are $1.06 and $1.0565.
