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EUR/USD expected to continue ascent
EUR/USD has broken higher as expected in recent days, with yesterday’s weakness merely providing a buying opportunity rather than giving us anything to worry about. We are now seeing the pair move higher, with further gains expected during the day.
Keep an eye out for the $1.1257 region as it's a near-term resistance, which must be overcome before we look towards the $1.1268 level. As long as we do not see the $1.1109 region broken, a bullish outlook remains in play.