EUR/USD Short Term Mixed Market

The pair failed to hold on its negative momentum and bounced back sharply breaching above the previous swing high. In my previous post I mentioned about the crucial level of 1.1930 which was a good support level. The pair failed to break below the said level on closing basis thus resulting in the sharp upside rally. Going ahead, prices on further extension of gains are likely to hold below 1.2340 and trade mixed in coming week.
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