Some thoughts on EUR/USD...part 2...
More on EUR/USD! It was seen trading at a fresh 22 month highs. It pierced through a notable resistance near 1.1600 and is appearing to be in a technical breakout after taking out the March highs last week. The only thing that is perhaps standing in the way is an overbought condition. Next level to watch to the upside is at 1.1735. Also keep watch on upcoming news from the Fed meeting this week.
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