By ForexMansion.com

 

The EUR/USD continued its climb northward today, and stopped right at the previous high, the 1.4250 area. It is possible that we will see a pullback, as bulls try and gather more steam. If we do, a pullback to 1.40 would be preferred as an entry, with a pullback to 1.38 bringing the whole move in doubt. A break above the 1.4250 should bring in fresh new buying and push this pair to 1.45, or possibly even higher.

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