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EUR/USD Attacks 1.33, GBP/USD Cracks 1.53
Bullish vs. 1.33: EUR/USD ended last week rallying to 1.3290 on the back of USD-weakness that followed the poor US NFP report on Friday. As we get into the 8/5 European session, the EUR/USD appears to be on the move again, pushing to a new high, but still struggling against the 1.33 handle. A break above 1.33 should open up the 1.3343 high, and suggest the market is in bullish continuation. Above 1.3343, we have the 1.34-1.3415 resistance area in sight. At this point, only a retreat below 1.3260 should neutralize the slightly bullish outlook. 1.53 cracked: GBP/USD ended last week laying the initial cracks at the 1.53 ... (full story)
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