EURUSD Retraces After Breaking Resistance

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The euro continues to retrace the gains after breaking past the resistance level of 1.1000 level.

As long as this level holds, price action is likely to remain steady.

A reversal off 1.1000 level could, however, establish the upside bias.

The upper resistance level near 1.1055 – 1.1030 will likely be the next target of interest.

A breakout above this level could signal a move to the 1.1200 resistance level.

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