On the heels of this weekend's EU-supportive first round election results in France, the euro closed up by 1.35 percent in Monday's session, with the highs from last month ~109 overtaken today in early trading. Keeping it simple – as we have with the US dollar index this year, we expect the troubled European currency to make higher highs and higher lows as it grinds its way out of a major cycle trough.
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