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The euro against the dollar, despite corrections, still marks a new, higher local peak. Yesterday the rate stopped at support and the Asian session clearly broke the rate in line with the higher-order trend that has prevailed since last May. At the moment we are waiting for the break of local resistance and we expect a continuation of gains as we are still above strong support. We can expect a deeper downward correction only after breaking the support, but so far we have a bullish attitude with a huge range for the coming months.
