EUR/USD moving into resisance; EUR the weakest
|EURUSD is coming higher as Asian stocks hits new highs, so risk on has some bearish impact on the USD, but still dollar bears seems limited. In fact, dollar is up against the AUD! On the most popular pair below, the EUR/USD, we see pair making a three wave rise from 1.2050, now at first resistance here around 1.2190 so bears may occur at the start of the week. The next very important resistance is at 1.2220-1.2250 area. Also, keep in mind that euro is the weakest when comparing it to other major currenices, meassured down from January high.
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