FX & CFD trading involves significant risk
Pushed to a fresh high for the day around $1.4275 as a rebound in Dow and a recovery and surge in crude oil to fresh highs for the day renewed risk-appetites, no doubt the allure of stops associated with earlier sales into the 55d ma also played a part. Euro stalls and reverses, talk had suggested $1.4280 (50% of the latest fall) as another sell area but talk has mentioned stops above $1.4285. Break above will target $1.4310 (61.8%), ahead of $1.4350. Closest support eyed around $1.4230.
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