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Key resistance rallied for EUR/USD
EUR/USD has managed to bounce up to the $1.2334 resistance level overnight, with the price starting to show signs of weakness.
This is the clear near-term resistance level to watch out for, with the overbought stochastic starting to roll over. A break through $1.2334 would point towards a wider rally, with the possibility of a deeper retracement of the $1.2523-$1.2205 sell-off on the cards.