Sasha Singh
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EUR/USD : Breakout From Falling Wedge

EURUSD today broke the falling wedge from resistance trend line to move in the upward direction after the European Central Bank decided to keep its key lending rate unchanged at .25%. No changes were made to other official rates like deposit rate at 0% and the marginal lending facility rate .75%. Earlier EURUSD was consolidating within a falling wedge which was giving a bullish sign and broke the resistance trend line of the wedge after the ECB decision. The pair found resistance at 1.3767 after the surge.