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Forex pairs in this Article » EUR/USD
FXStreet (Córdoba) - The EUR/USD remains quiet in Asia, hovering around 1.3740, after posting a moderate daily gain on Tuesday and moving sideways with support above 1.3685 and resistance at 1.3770.

EUR/USD with upside momentum above 1.3770

Jim Langlands from FX Charts, affirms that the ear around 1.3685 would continue to attract decent buyers, “which is backed up by support at 1.3670 (daily tenkan) and Fibo support at 1.3660 (38.2% of 1.3476/1.3772) and then the top of the daily cloud, now at 1.3650”.

To the upside, Langlands notes that once above 1.3770, it could head toward 1.3800 and then the major descending trend resistance at 1.3830: “a break of this area would be fairly pivotal for the Euro, as I suspect we would then be headed towards 1.3892, and then possibly on to 1.4000”.
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