After EUR/USD made a convincing break above downtrend resistance, it seems unstoppable, breaking above yet another hurdle: the 1.1375 level that capped it in September 2015 as well as way back in 2003.
The pair is edging closer to 1.14. Very strong resistance awaits at 1.1460 – a double top. From there, the road is open to the swing high of 1.1712 seen in late August. If the break above 1.1375 is confirmed, it turns into support, with 1.13 as the next line.
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