EUR/USD: shifting fundamentals
Between November 2007 and February 2008, EUR/USD consolidated within a range between roughly 1.4330 and 1.5000, before breaking through resistance on 27 February and reaching for new highs. Within five weeks, it bounced off resistance at 1.6000 and entered another consolidation range, between that level and 1.5285, where it has remained ever since.
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