As we mentioned before 1.1980 is an important level for EURUSD . Break below it may go toward 1.1890. Move is looking very promising.
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EURUSD Up Move which is started from 1.1620 still looking strong till it remain above 1.1980. If It breaks below this level on hourly closing basis , some profit booking can come. In that case next level to be watched is 1.1880 .
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The EUR/USD currency pair is consolidating at higher levels waiting for an impetus to drive the exchange rate higher. Friday’s softer than expected U.S. employment report, in tandem with Europe’s stronger than expected PMI and Retail Sales data, could be those catalysts. Yields in Europe have been on the rise and have been outpacing U.S. yields, but it’s a...
