EU found support at 1.0922 today and also managed to break and hold above minor resistance at 1.0960 signalling a continuation towards 1.1000. Lower levels can't been seen for now as it has left the danger of breaking lower - at least for now and as long as it bounces above 1.0930/40 succesfully. The move is happening on a good market sentiment and on expectations that the US cpi later in the week will continue to turn lower so the Fed can start cutting rates from early spring. A change of that view, or something unexpected will see it testing 1.0922 - 1.0900 again.
Its time to close for me now, I wish you a profitable rest of the day!
Its time to close for me now, I wish you a profitable rest of the day!
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