As things stand, he adds: "The EUR’s outlook remains constructive from a technical point of view, we think. Above 1.34 should help propel spot higher (1.36/1.38). The market made a marginal new high this week and remains well above key weekly supports. Price patterns, trend momentum, the position of the medium/long-term moving averages all still point higher for the EUR. Weekly support is 1.2989, major weekly support is 1.2800/25. Key resistance is a very reachable 1.3637."
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