Casey Stubbs– Winners Edge Trading
is currently at 1.3541 and is looking to challenge the resistance level of 1.3649. The pair just challenged the support level of 1.2500 and if that lower level breaks we could see a target of 1.3423.
The Euro (EUR) was mixed as profit taking hampered further gains and the market asked questions about the next move the ECB will make. Both cutting rates or QE from the ECB will lead to Euro weakness and may cap gains on the back of this equity rally.
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