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EURUSD trades above last week’s high

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Draghi comments goose the EURUSD away from support

The 1.1743-495 is a support level that held (see earlier post).  Buyers leaned and were helped by some comments from Draghi that are being viewed as more hawkish.

The move higher has now taken the price above the high from last week at 1.18024 and works toward the topside channel trend line at 1.1824.  I would expect a pause against that level with stops on a move above.  Buyers remain in control. 


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