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The euro currency is holding steady, rising to new three-month highs on Wednesday.

The gains come after the euro successfully broke past the 1.1132 level.

At the current pace, price could reach up to 1.1400 within a short span of time.

However, given the strong rally and little retracements, the currency pair is at risk of a correction.

A move lower will open the price level near 1.1132 and a break down below this price level then sees the euro falling further to 1.1000.

The ECB meeting will likely be the catalyst.

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