Euro perks up to the best levels since Monday ...Middle East

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Euro perks up to the best levels since Monday

The US dollar has been steadily bid this week on a safe-haven bid due to Middle East war fears but it's now giving back those gains. The euro is now nearly flat on the week.

It's also traced out something of an inverted head-and-shoulders pattern on the chart that targets a retest of the recent highs near 1.1615.

    This article was written by Adam Button at www.forexlive.com.

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