EUR/USD Classical 07.16
EUR/USD: Next key levels to watch above come in by 1.3000 and the 1.3090 further up, and given the intensity of the move and close above the 100-Day, we can not rule out the possibility for additional upside towards these levels over the coming sessions. There is no decent support until 1.2700, and a break and close back below this level will be required at a minimum to take the pressure off of the topside.
Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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