The Euro's climb against the Greenback continues with slow but strong pace. After reaching 1.4030 previous high and falling to 1.3975 in the American session, EUR/USD has resume its up trend and the pair has risen 65 pips to reach a new 4-month high at 1.4040. At the moment, the pair is trading around 0.70% above today's openinig price.
The current week, Euro has won 4.0% against Dollar from 1.3480 Monday opening price to reach 1.4040, 4-month high.
Despite signs advancing a correction lower, the Euro bullish trend is strong enough: "Pair reached 1.4000 and at the time, rebound there yet bullish trend is strong enough for another peak higher. Current candle open under previous doji close, suggesting the beginning of a short downside correction as long as maximum remains unbroken, that could reach the 20 SMA that’s losing steam around 1.3935."
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