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EUR/USD - Volatility Spikes

EUR/USD has surged amid the US election weakening. However, key resistance at 1.1352 (18/08/2016 high) still stands as the pair is now retracing to yesterday's levels. Markets is now looking for a direction.

In the longer term, the death cross indicates a further bearish bias despite the pair has increased since last December. Key resistance holds at 1.1714 (24/08/2015 high). Strong support is given at 1.0458 (16/03/2015 low).

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