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EUR/USD turning higher from trendline support
EUR/USD has started strengthening this morning, after finding support on an ascending trendline overnight. This points towards a likely rally into trendline resistance, with the creation of higher highs and higher lows over the past fortnight looking likely to persist.
The break through the descending trendline on Friday points towards a possible wider resurgence coming into play here, with a break above $1.1500 providing the necessary signal that we are set for a wider bullish period.