The Euro has rallied along with the stocks for the past week, breaking up the falling wedge pattern and aiming for the 1.3850-1.4000 resistance zone.
The retracement levels are measured for the month of September decline and, the previous main resistance was established by the 38.2% retracement.
The up-coming main resistance zone is set by the 50-61.8% area where the price may encounter strong bearish resistance.
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