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EUR/USD recovery goes on
The downtrend that prevailed from the 15 November high was broken yesterday, with EUR/USD following on to test the $1.1836 area. The $1.1858 high then came in as the next area of potential resistance.
Even if this is broken, the $1.1879 area will then come into play. Euro bulls have their work cut out if they are to break higher, and move back in the direction of the September highs.
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