Weak USD. EUR/GBP upside progress. Kiwi testing next resistance

EUR/USD: Correction completed and a fresh high added and bulls aresmiling – and may do so for a while yet since ~1.40 lieswithin reach before stretching it again. There is a Feb-Marascending line of resistance meeting the market at 1.3950,so a dip from there is likely but then buyers could welldecide to use a 1.3915 recheck to add to longs. A clearintraday topside failure and a low-in-the-range close isneeded to question further upside potential.

Read the full report: Technical Alert

 

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