Big News (Technically) For EUR/USD

EUR/USD is trading at 1.1744 right now, breaking above major resistance levels. A daily close above 1.1730 and higher will be good news for the pair.

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With price making higher highs and higher lows trend remains bullish.

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As long as price is above 1.1650 I feel confident that we are going to see 1.18-1.19 next week.

The price is not only breaking above August highs, but is also breaking the resistance trend line from June.

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The Dollar index has broken its H&S neckline….this is a bearish sign for the index.

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