EURUSD Extends Gains; Testing Critical Near-term Resistance

The EURUSD is holding well above the resistance at 1.10655 formed by the neckline of the October 2019 double top in Monday’ s New York trading session. The pair had completed the measured move from the breakdown of this neckline to confirm the double top, but has since reversed upwards to record gains in three trading sessions to take the pair to intraday highs of 1.1071.

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