The euro against the dollar continues to grow rapidly, having added 14% since spring. We haven’t seen the 1.2 quote for EURUSD for a long time – since 2008, but let me remind you that the euro was even more expensive, at 1.4, which means that the current growth is not the limit.
Representatives of the ECB are not at all against this circumstance, considering the rate to be justified against the background of the weakness of the dollar, which means that 1.25 is quite up to the bulls. It remains to gain a foothold above the resistance at 1.22 and forward.
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