EUR/USD: Euro remains firm after hitting all-time high
FXstreet.com (Barcelona) – The Euro surged today to a new record and according to the ActionForex.com Technical Team further rally is not discarded: “EUR/USD surges to new record high of today and remains firm in early US session. Outlook remains unchanged. Further rally is still expected as long as 1.5841 support holds. Sustained trading above 1.6000/19 resistance zone will confirm that the medium term up trend has resumed and will target 100% projection of 1.5302 to 1.5908 from 1.5611 at 1.6217 first.”
On the downside, the ActionForex Team affirms: “On the downside, below 1.5841 will turn intraday outlook neutral first and bring consolidation. But further rally is still expected as long as 1.5611 support holds.”
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