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EUR/USD eyeing up trendline resistance
EUR/USD has steadily gained since it found support around $1.15, and more gains will see it challenge the downtrend line from the April peak.
This would suggest trendline resistance around $1.1730. A daily close above here would open the way to the $1.1850 high from the middle of June. A failure to breach downtrend resistance would see the price head back towards the $1.15 area of support that held throughout late May and early June.
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