EUR/USD Likely To Test High At 1.1332/37
Jason Sen | Feb 11, 2016 03:35AM ET
EUR/USD has recovered and looks likely to test this week's high at 1.1332/37. Although severely overbought markets in general look like they will continue recent trends today which means a breakout higher today for the pair is possible and targets 1.1380/85. If we continue higher look for a test of trend line resistance at 1.1415/20.
Below 1.1270 risks a slide to support at 1.1245/40. A break below 1.1210 could target better support at 1.1190/85. Longs need stops below 1.1160. Further losses could target 1.1140/35.
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