EURUSD (1.2064): The EURUSD rallied past the 1.2000 handle yesterday which saw price action following through with the bullish momentum. Currently, the euro currency is seen testing 1.2058 highs from August 29th. A breakout above this level will be required for the common currency to push higher. However, the new range of 1.2058 where resistance is seen and 1.1882 where support is seen could keep the common currency to consolidate within these levels. Minor support at 1.1962 could be tested in the near term in case of a pull back off the 1.2058 resistance level.


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