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EUR/USD tiptoes higher after losses
EUR/USD is picking itself up off the floor, having suffered heavy losses at the end of last week.
Having been such strong support, it is likely that the $1.15 area will be a major barrier to any upside progress. A move above $1.1628 is needed to suggest that a more bullish view could be developing, and even then trendline resistance from the May highs comes into play around $1.17. A fresh push lower will target $1.1350 in the first instance, and then from there $1.1296 comes into play.
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