[COLOR=#000000][FONT=Times New Roman][FONT=Arial][B]EUR/USD climbed above the 1.4844 peak that it reached three weeks ago but didnt get far away. 1.4908, just above it, was a peak at the beginning of the year. Did EUR/USD make a breakout and is doing it slowly? Or did it just get closer to the resistance line, where it can bounce back down?[/B]
EUR/USD enjoyed the dollars weakness on Tuesday and managed to trade above the peak of 1.4844 that was reached on September 22nd.
This came despite bad fundamentals: the important ZEW Economic Sentiment fell both in Germany and in all of Europe. Economists were expecting a better sentiment this time.
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