Euro Poised to Break Higher - Watch $1.32
Trade Implications – EURUSD: Traders have remained short the Euro against the US Dollar since it crossed above the $1.28 mark, and as long as that remains the case we’ll remain in favor of EURUSD strength. Our sentiment-based Momentum2 system has had two attempts at getting long Euros, and it will likely continue to do so.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.