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Euro gains as German investor confidence shines –MP

FXStreet (Barcelona) - Kenny Fisher, Currency Analyst at MarketPulse, notes EUR/USD trading slightly above the 1.25 line after the German ZEW Economic Sentiment climbed to 11.5 points.

Key Quotes

“EUR/USD posted gains in the Asian session. The pair continues to move higher in the European session and is testing resistance at 1.2518.”

“On the downside, 1.2407 is a strong support level.”

“On the upside, 1.2518 is fluid and could break during the day. 1.2688 is the next resistance line”

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