E-Forex - The Euro continued its recovery and climbed higher, breaking the resistance formed in the middle of the 1.45 area and established support near the 1.4600 mark. Support is now seen at 1.4590 backed by 1.4560, 1.4515 and 1.4475. Resistance starts at 1.4640 followed by 1.4660, 1.4700 and 1.4740. Bullish momentum is now seen on the daily charts and the hourly studies are positive as well.
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