Euro Looks Increasingly Likely to Break Higher
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EURUSD – Retail forex traders have sold aggressively into the recent Euro rally, and a contrarian view of crowd sentiment favors a larger break higher. Our Senior Technical Strategist highlights the fact that the EUR/USD has remained within its narrowest range in well over a year—it seems primed for a larger breakout. A look at crowd sentiment suggests it may finally break higher.
See next currency section: GBPUSD - British Pound May have Made a Lasting Low
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.