Playing The EUR/USD Breakout

EUR/USD – Euro/dollar continues to trend higher

The EUR/USD remains in a firm uptrend and as we can see below, price surged higher last week after bouncing from 1.1120 support the previous week. Price easily broke out above the previous recent highs at 1.1290 last week, a level that now becomes near-term support. The overall picture shows that price appears to be heading up towards the long-term resistance at 1.1500 – 1.1600 zone. Given this bullish scenario, traders can look to be buyers this week on any weakness / pullbacks in price.

EUR/USD Daily Chart

Source: Learn To Trade The Market

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