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EURUSD's uptrend

From youtube.com/exness

EURUSD's uptrend might continue after a completion of the current retracement around $1.09 depending on important upcoming data. Inflation in the eurozone has continued to drop and flash GDP while lukewarm has at least not been negative, with neither the eurozone generally nor Germany specifically in recession now by this measure. It might be possible to see the dollar index taking a break in the next few days ahead of the NFP, which could give other currencies including the euro a chance to move up. However, it's crucial to monitor Friday's job report. The results are unpredictable and likely to affect most markets significantly, bring relatively high volatility for the season. Currently the expectation is 200,000 for the NFP and 3.6% for unemployment.

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  • Category: Technical Analysis