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The EUR/USD pair sharply traded higher on Wednesday while the economic calendar was nearly empty, firmly staying within the 1.11 figure. The bulls easily surpassed the resistance level at 1.1060 (the Tenkan-sen line on the 4-hour chart) and are testing the price barrier at 1.1130 (the upper line of the Bollinger Bands indicator on the daily chart). The last time the pair was in this area was in July.Such price dynamics are not only due to the greenback's weakness. In
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