3 Drivers Behind EUR/USD Breakout
After being trapped in a 150 pip trading range for the past 2 weeks, the EUR/USD finally broke out. The currency pair cleared its 1.34 resistance to rise to its strongest rate since February 2012. At this stage of the move, the next area of contention will be between 1.3485 and 1.3525, where last year’s high, the 200-week SMA and 50% Fibonacci retracement of the 2011 to 2012 sell-off converge. This will be a very important level especially since 1.35 is a big round number. However, today’s
