EUR/USD establishing now above resistance levels

Author: Sean Lee | Category: News

Most people are very surprised to see such big moves this morning in the FX market but they are showing no sign of slowing down. EUR/USD looks like it will now start to stablish a base above previous resistance at 1.4340 and shorts are forced into covering before it runs away.

Interestingly enough, USD/CHF is holding above support at .8465 and EUR/CHF is starting to move higher. EUR/JPY is also challenging some chart resistance at 116.40.

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