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EUR/USD Breaks Through 1.33 Resistance, Reviving Outlook to 1.3485

From fxtimes.com

Bullish Break: The EUR/USD has been on a tear since finding support from a rising trendline that went back to the 1.2640 July-low,  and staying above 1.30. In 24 hours, the pair is trading around 1.3350, during the 1/11 session. This breaks above a previous consolidation resistance at 1.3306. The break is a sign of bullish continuation. If the market can hold above 1.30, it would be a very strong sign that bulls are in charge of this market. Target: The bullish break continues a bullish outlook that has had the 2012-high at 1.3485 in sight as seen in the weekly chart. The weekly chart also still has some ... (full story)

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