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Forex pairs in this Article » EUR/USD (Edinburgh) -Increasing risk appetite and buying stop orders would be behind the current bull run in the euro, lifting the EUR/USD above 1.3600 the figure on Thursday.

EUR/USD retakes 1.3600

The key level at 1.3600 has recently been quite elusive for traders, deriving in several tests below the 1.3500 handle, although the aftermath of the US deal is proving to be quite positive for the par. Back to the discussion about the timing of the Fed’s QE tapering, Analyst Christin Tuxen at Danske Bank commented, “While improving in both regions, the relative growth outlook is eventually set to support the Fed moving away from extremely accommodative policy measures long before the ECB. This should set the scene for a cyclical USD uptrend, as the Fed will be looking to hike rates ahead of its eurozone counterpart”.

EUR/USD critical levels

At the moment the pair is up 0.61% at 1.3617 with the next hurdle at 1.3646 (high Oct.3) and then 1.3711 (2013 high Feb.1).On the downside, a breach of 1.3479 (low Oct.15) would open the door to 1.3467 (low Sep.30) an then 1.3462 (low Sep.25).
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