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EUR/USD - US Jobs Data and Triangle Breakout Scenarios
The EUR/USD fell to a new low on the year at 1.2360 last week and has since been consolidating. The 1H chart shows the pair trading in a triangle ahead of US jobless claims and JOLTS job openings data. The 1H chart shows the EUR/USD without directional bias this week. But as the pair approaches the apex, it looks ready to spring out of the coiling action. During the 11/13 US session, we will get a couple of jobs data that might help the pair breakout. Jobless Claims Forecast: 282K Previous Week: 278K JOTLS Job Openings (September) Forecast: 4.81M Previous: 4.84M Jobless claims data is becoming irrelevant. When it ... (full story)
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