Due to continuing devaluation of the US dollar, all other currencies will move up relative to the greenback — including EURO$.
EURO/dollar made a new high 1.4863 last week.
Any pullback will attract more buyers. 1.4632 becomes the current first support level and 1.44 will be major support level for short-term.
Both long-term and intermediate term trends are bullish for the EURO.
The 1.39-1.37 range becomes long and intermediate term buying entry. We should continue look for long side trading.
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Euro – Daily chart
