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EUR/USD: daily update

EUR/USD is testing fresh highs on Thursday, rising into the $1.3350 area. Bears tried to push lower earlier in the session, but found support at $1.3330. Yesterday’s daily close above the $1.3300 mark (2013 resistance) was a good sign for the pair and opened the way for the next bullish target at $1.3400/15.

The market sentiment towards the euro is pretty optimistic these days, but there is a strong resistance at $1.3415. Support is now seen at $1.3300, $1.3245/50, $1.3200, $1.3180 and $1.3160.

Today’s data showed German trade surplus increased from 14.6B to 15.7B in June. Later in the day euro zone will release the ECB monthly bulletin. In the US watch the jobless claims (forecast – growth). 

Chart. H4 EUR/USD

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