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EUR/USD Technical Analysis: The pair breaks above 1.10 and the resistance line”¦ next stop the 55-day SMA?

FX Street

Updated: 10 Oct. 2019 | 11:57

EUR/USD has intensified the upside after breaking above the critical barrier at 1.10 the figure and the key short-term resistance line in the 1.1020 region.
Above the latter, the downside pressure should mitigate and allow for a potential visit to the 55-day SMA at 1.1056.
If the upside impulse does not subside, the September’s top at 1.1109 should return to the radar.

EUR/USD daily chart

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