EUR/USD: Bullish breakout of the May high

EUR/USD rose sharply yesterday and broke the resistance at 1.3243 (01/05/2013 high). Monitor the test of the resistance at 1.3319 (see also the 61.8% retracement at 1.3342). Hourly supports are at 1.3227 (intraday low) and 1.3092 (intraday low). • In the medium-term, the recent price act…

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EUR/USD: Bullish breakout of the May high

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