EUR/USD trend is upwards.
So, the Euro has sprung back against the Dollar. It may be at a local peak, as it hits soon-to-be-redundant old Resistance Line A for the last time. Will it drop back from here, or will it finally break through this Resistance Line? The probability of a drop back is strong, as it swings down in its upward-facing Range. It could even drop through Support Line C and reach down to Line D, making $1.12 the lowest likely value.
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