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EUR/USD – Looking very strong touching 1.37

From forexblog.oanda.com

In the last couple of weeks, we have seen the Euro push higher strongly however this time the wall of supply at 1.34 was consumed and the likely resistance levels at 1.35 and 1.36 were also quickly consumed. This has resulted in the Euro pushing to trading levels not seen in about 14 months, edging just passed 1.37 in the process. It was only a few weeks ago now that the Euro was placing strong downward pressure on the key 1.33 level which ended up holding up very well and providing a solid base for its recent surge higher. Also during this time, the Euro had been running into a brick wall of supply at 1.34 which was ... (full story)

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