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EUR/USD breaks through key resistance level
EUR/USD has managed to rally through the $1.1432 swing high this morning, breaking out of the downtrend that has been in play throughout the second half of October.
The rally through $1.1421 and $1.1432 looks to set us up for further upside, with the current shift looking likely to provide a retracement of $1.1622 at least. With that in mind, watch out for further upside, with a drop below $1.1391 required to erode that bullish short-term picture.