Since February 20th this year, Eur established a resistance line 1.2346 and just brokeout above it yesterday. This is a major breakout and while the price is above this line, a bullish momentum towards 1.3420 is highly expected. In the meantime, I'm still waiting for signs that this breakout will hold, otherwise, a clear pullback below it will mean the price may descend even lower. As it is on the hourly chart above, only long positions looks more appealing and can be advised with a take profit at 1.3450.
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