This pair was very bullish yesterday, producing another strong rise from the London Open which continued to reach new highs during the day. The U.S. Dollar was hit badly and the Euro was helped by the strength of the Swiss Franc as that strengthened greatly due to the flow to safe-haven assets. The momentum is in the bullish direction and we continued to break resistance levels yesterday. The Bank of England’s key input later today may cause volatility for the Euro. A pull back to 1.1084 would be an attractive situation to search for new long trades.
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