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EUR/USD pulls back to massive support level
EUR/USD managed to break through the crucial $1.1715 resistance level yesterday. That means we have now created a 30-month high, with the pair breaking out of a long-term range.
We have seen the price pull back this morning, yet this is unlikely to last. With the low of the day currently coming at that the same breakout level of $1.1715, there is a chance we could move higher from here. Otherwise, any pullback would still be seen as a buying opportunity as long as we do not see a break back below $1.1612.
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