EUR Index fails to break ECB highs

EUR Index fails to break ECB highs

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A very interesting failure to break the ECB highs has pushed us back to channel support so what happens next will be crucial. If support holds and we creep higher then it looks like we’ll break to the upside, if we fail to hold support then we could see a deeper retracement lower for the Euro within the current bullish channel. I am bullish EUR% want to see minor support hold before adding to longs
**EUR% Index Resistance: EURUSD 1.3700, 1.3717, 1.3750**
**EUR% Index Support: EURUSD 1.3676, 1.3634**
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By John Adam
John Adam was one of the Invezz Founding Partners & Lead Editor's up until 2017. John has an unmatched breadth and depth of experience in all things investing, and we wish him the best in his pastures new.
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