Euro Attempts To Breakout Higher, Capped By 1.1347

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The euro currency made some gains on Monday as price action tried to break out from the triangle pattern.

Prices briefly tested highs near 1.1347 before pulling back toward the close of the European session.

The overall trend in EURUSD remains flat with no major bias building up. A pullback could see the euro testing the 1.1261 level of support.

Alternately, a successful breakout above 1.1347 could signal a move toward the 1.1400 handle eventually.

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