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1.1000 breakout required: EUR/USD analysis
The Euro currency posted solid gains against the US dollar last week, although buyers failed to overcome the 1.1000 resistance area. EUR/USD technical analysis shows that gains above the 1.1000 level could cause a rally towards the 1.1130 level this week. EUR/USD medium-term price trend The Euro posted solid gains against the greenback as the US dollar came under downside pressure during the first half of last week. Investors sold the greenback as an improvement in overall market sentiment caused traders to move into riskier currencies. EUR/USD analysis over the medium-term shows that a new bullish higher weekly high ... (full story)