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EUR/USD: the euro could climb back above 1.18 in the short term (Commerzbank)
Commerzbank believes that the EUR/USD could rise and test resistance located at 1.1853/55.
"The EUR/USD broke key short-term resistance at 1.1723/25, and this signals a further rise to the June high of 1.1853/55.
Elliott's intraday wave counts are more positive and declines are expected to hold above 1.1710/1.1675, before a further upswing."
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