EUR/USD Classical Technical Report 10.12
EUR/USD: The break back above 1.3700 on Wednesday suggests that a more significant short-term base is in place by 1.3145 and from here we see risks for fresh upside towards 1.4000 before the broader downtrend resumes. Key short-term support now comes in by 1.3565 and a break back below will be required to alleviate immediate topside pressures.
--- Written by Joel Kruger, Technical Currency Strategist
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