A recent bounce from the weekly support zone 1.1481-1.1698 has seen the eur rise in value and could close above 1.1698. As long as the price remains above this zone, I expect a bullish bias momentum towards 1.2130 and the next 1.3138. As seen on the weekly chart above, only a buy position looks more ideal towards 1.3138. On the way upwards, the key lines to look for include 1.2130, 1.2500 and ultimately 1.3138.
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