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The pair had it's second positive week in a row, but the performance of the last week was not so impressive as the one before. 1.6260 seems to be the handle for further upside, and a break would lead to a test of the quadruple top from 2012/13 at 1.6310-area. Daily, the pair has printed a range 1.5885-1.6260 where range traders in the past weeks have enjoyed the environment. Momentum is still positive although the strength of the uptrend has faded.