From a technical perspective, EUR / USD remains with a bullish outlook in the short term with prices consolidating recent gains and holding above 200 day highs and away from 20 and 55 day highs. The daily chart shows that the 20 SMA crosses the 55 SMA, a bullish signal. The positive tone around the euro will remain intact as it holds above 1.1340, the 200-day SMA meeting and horizontal resistance. Below that level, correction can increase, but must find support above 1.1300. The bullish momentum can soften if the EUR / USD holds up far from 1.1400 because the slump of the 20 SMA slows and Momentum heads south below 100. 1.1400 / 10 is a resistance to break for the pair to continue upside. Support level: 1.1340 1.1305 1.1285 Resistance level: 1.1390 1.1420 1.1445


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