EUR/USD Classical Technical Report 04.16
EUR/USD: The latest round of setbacks have stalled by some key multi-week support around the 1.3000 figure and from here, we still can not rule out risks for additional consolidation above 1.3000 before considering bearish resumption. Ultimately, any rallies towards 1.3300 should be very well capped, while a break and daily close back under 1.3000 would be required to accelerate declines.
--- Written by Joel Kruger, Technical Currency Strategist
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