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EUR/USD – Closing in on Multi Year Resistance, Looking to Sell (Weekly chart)
Since the false break of 1.05 back in December last year, the bulls not only managed to regain control, they’ve also managed to maintain the bullish price action, pushing the pair 750+ higher.
We are now starting to close in on a multi-year resistance zone (1.140/1.145) which has been successfully defended for more than 2 years.
This is a highly attractive level which most likely is on the radar of many sellers and a level we expect to hold.
A successful rejection from this key resistance level would put …... Keep reading