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EUR/USD Jumps from Key Chart Support
Coming into the month of June, it appeared as though a trend may begin to take hold in EUR/USD. After spending the bulk of the first two months of Q2 in a range-bound state, buyers took control while driving the pair from a low below the price of 1.0900 up to a high above the 1.1400 level. This consistent topside run made a fast approach at a huge zone of resistance; but buyers pulled up shy and prices began to pullback in the first-half of the month. That pullback found buyers at a key point on the chart; this area runs from a batch of confluent Fibonacci levels plotted from 1.1187-1.1212. The latter of those levels ... (full story)