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EUR/USD – Previous resistance level near 1.3160 holds firm

From forexblog.oanda.com

The last week or so has seen the Euro receive solid support at 1.28 and 1.29 which has assisted it to surge higher towards 1.32. Back in the middle of September, the Euro met a wall of selling around 1.3170 which forced it lower quickly pushing it back down towards support at 1.28. The Euro has shown some relatively bearish signs over the last month since retracing from its highs near 1.32. It has been the 1.28 level that has emerged as the major level in the last month or so. In the last week and a half, the Euro has rallied well and has been able to push back off the support level at 1.28 and up towards 1.30 and ... (full story)

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