Both EURUSD and GBPUSD broke an important trend line coming from the highs of the end of 2004 and closed the week above it signaling more strength to come. Still, EURUSD couldn't overcome the 61.8% Fibonacci retracement of the 1.3665 - 1.1640 trip just yet.
Supporting further dollar weakness we have the USDJPY daily chart above which broke the drawn bullish trend line and then tested it and failed, thus resuming the downtrend and giving scope for renewed downside potential.
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