EURO/USD
EURO/USD turned to this week's 20-week high at 1.4249, as significant support emerged at 1.4053 to protect the 1.4000 level. Thursday's bullish outside day leaves resistance at 1.4220 vulnerable, opening 1.4249 initially, but creating scope for the November 2010 reaction high at 1.4283 as bulls control the short-term trend. Only a push below 1.4095 would bring the 1.4053 low back into the picture.
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