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  • EUR/USD Weekly Price Outlook: Euro Rally Targets Turn or Burn Level

    From dailyfx.com

    In this series we scale-back and look at the broader technical picture to gain a bit more perspective on where we are in trend. Euro broke above a multi-month consolidation range with the advance targeting key resistance just higher. Here are the key targets & invalidation levels that matter on the EUR/USD weekly chart. Review this weeks Strategy Webinar for an in-depth breakdown of this setup and more. Notes: In last months EUR/USD Weekly Technical Outlook we noted that the broader short-bias remained vulnerable while above this region (1.13) heading into the close of the year. Euro registered a low at 1.1306 early in the month with ... (full story)