Technical Analysis: EUR/USD

The pair managed to hold above 1.3500, so we look for a rebound towards the...

The pair managed to hold above 1.3500, so we look for a rebound towards the 1.3800 resistance, with a break above to extend gains towards the 200-Day SMA by 1.4050. However, breaking and consolidating below 1.3500 could trigger a new drop below the 1.3360 support ahead of 1.3000.

Edward Smith, technical analyst of company Admiral Markets.

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