EURUSD Breaks Out to the Upside from its Range

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The euro is pushing higher on the day with the range finally showing signals of giving way to a trend.

Price action is clearing the upper end of the range at 1.1347 and this bullish breakout could see a continuation to the upside.

The next main level of interest is the 1.1400 handle. We expect price action to potentially stall at this level, or breakout higher.

In the event that resistance forms at 1.1400 level, then the recent breakout level near 1.1347 might act as support.

If support forms here, then we expect to see the 1.1400 handle being breached eventually.


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