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EUR/USD’s Bullish Targets Are 1.4555, 1.4695 and 1.4940; 1.4420 is Support
1.45 Resistance: - The market is near 1.45 at the beginning of today’s US session. - Strength continues after a throwback was supported near 1.4350. - It is breaking above yesterday’s high, and reaching to 1.45. - The RSI remained above 40, and shows maintenance of the bullish momentum. With a push back above 70, it is confirming the bullish continuation in the short-term. - PPI data is the only US-related event risk. After a -0.4% reading in June, a 0.0% flat reading to 0.2% is the forecast for July. The headline reading came out 0.2%. The core PPI number was 0.4%in July, after a 0.3% reading in June, and a 0.2% ... (full story)