EUR/USD Rate Negates Risk for Double-Top Ahead of More ECB Rhetoric

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EUR/USD Rate Negates Risk for Double-Top Ahead of More ECB Rhetoric.

AUD/USD Outlook Mired by RSI Divergence; Australia Employment in Focus.

DailyFX TableEUR/USD

EUR/USD extends the advance from earlier this week amid the German Coalition Breakthrough, with the pair at risk of staging a more meaningful rally as it wards off the risk for a double-top.

Recent price action suggests the Euro will continue to outperform against its U.S. counterpart as the exchange rate finally breaks above theSeptember-high (1.2092), and EUR/USD may continue to exhibit a bullish behavior over the near-term as both price and the Relative Strength Index (RSI) extend the upward trends carried over from late last year.

Looking ahead, European Central Bank (ECB) board members Ewald Nowotny, Jens Weidmann and Benoit Coeure are slated to speak over the coming days, and a batch of upbeat comments may continue to heighten the appeal of the single-currency as the Governing Council appears to be on track to conclude its easing-cycle in 2018.

The ECB may increase its efforts to prepare European households and businesses for a less accommodative

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