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eurusd

The euro currency continues to push higher as price action closed above 1.1900 on Friday.

Afterward, the euro gained nearly 0.30% on the day on Monday.

Following a brief rise to intraday highs of 1.1966, the common currency pulled back.

Price action is testing the 19th August highs. If we see a reversal off this level, then there is a possibility of a decline as a result of the double top pattern.

But, for the moment, the bias remains to the upside.

Above 1.1966, the next level of interest will be the 1.2000 handle.

Test your strategy on how the euro will fare with Orbex - Open your account now. 

The post EURUSD Stalls Near 1.1950 appeared first on Orbex Forex Trading Blog.


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