Price action for the EUR/USD has been interesting in recent weeks.
The latest rebound is taking the currency pair to test the bottom of a bullish price channel that was left behind in early November. The EUR/USD is constantly trying to pull back to the new resistance level, formery support, but has not been able to put together a breakout.
There is a potential resistance level at 1,3620-1,3625, which is the 61.8% retracement of the prior correction. However, we remain long this currency pair as long as it trades above the support at 1.3290.
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