From the FXWW Chatroom – EURUSD has squeezed through 1.1400 to a high of 1.1410 so far, likely driven by positioning/momentum. Key medium term resistance is at 1.1460, which marks the neckline of a double bottom. CitiFX Technicals has highlighted a close above 1.1460 would suggest a rally to just above 1.18.
Our EURUSD flow has a net buying bias on the day, led by leveraged and real money investors. Banks have been net selling on this late leg higher.
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