With the pair closing back higher above the 1.3494 level, its Dec 14’2011 high, its ability to strengthen further could be developing towards the 1.3744 level, its Feb 09’2011 low. Beyond there will target the 1.3859 level, its Feb 02’2011 low and then the 1.3970 level, its Nov 09’2010 high.

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EURUSD: Returns Above The 1.3494 Level