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EUR/USD Strong Bullish Momentum

EUR/USD continues to improve and is now close to the key resistance at 1.1890 (25/09/2017 high). Strong support is given at a distance at 1.1662 (17/08/2017 low).

In the longer term, the momentum is now turning largely positive. We favour a continued bullish bias. Key resistance is holding at 1.2252 (25/12/2014 high) while strong support lies at 1.0341 (03/01/2017 low).

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