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EURUSD challenges key resistance at 1.1000, eyeing November/December highs

The EURUSD after operating as much as 1.10017 firstly of the US session and falling again off to a US session low close to 1.0975, is again up retesting the 1.1000 degree. The excessive costs from November and December peaked at 1.10087 and 1.10164 respectively. These ranges signify the best ranges going again to August 10. The excessive on that day reached 1.10648 and can be the following goal on a break of the 1.1000 to 1.1016 ceiling space.

This text was written by Greg Michalowski at www.forexlive.com.

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