EUR/USD
Euro/dollar continued its upward momentum yesterday, topped at 1.1342. As seen on the chart, the price is now struggling around the trendline resistance, suggesting critical technical situation. A clear break above the trend line and consistent move above 1.1342 could trigger further bullish pressure to test 1.1450 - 1.1500. On the downside, 1.1240 - 1.1200 is an important support. A clear break and daily/weekly close below that area could create downward false breakout scenario next week. Overall technical outlook is neutral.
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