Forex News EUR/USD's failure to follow-though on the break of its previous 1.6018 all-time high led to a sharp decline, notes ABN Amro. Now at 1.5873, the bank says it needs to regain previous support, now resistance at 1.5904 to recapture a positive bias, otherwise risk is towards support at 1.5764. Below here, evidence is the uptrend has reached exhaustion and risk then opens down to support at 1.5436 and 1.54, says ABN. EUR/USD now at 1.5869.
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