EUR/USD aiming higher?

Monday, 22/05/2017 | 08:05 GMT

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EUR/USD is now comfortably above the 61.8% retracement of last year’s sell-off. Assuming this holds then a return to the resistance level from last September of 1.1250 would be within reach.

AUDUSD has found resistance at the 50% retracement of the rally from Q1 2017, but the pair is establishing itself in a channel-up and a return to the month’s highs close to 0.7550 would be the next target.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/eurusd-aiming-higher/?camp=24219

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