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Pair's Outlook
Eventually, the EUR/USD cross managed to gain bullish momentum and grow notably on Thursday, supported by a round level at 1.13. As a result, the most traded currency pair breached the closest resistance at 1.1379 (weekly PP) and went even further to the north. Despite that, a correction is likely to take place soon, being that there is only a little chance of the Euro going above a cluster of supply levels around 1.15.
Traders' Sentiment
Bullish opened positions at the SWFX market continue to hover just below 50%, with as many as 48% of them registered in the morning on Friday, up one percentage point from a day earlier.
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