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Dollar rally stalls ahead of key support as payrolls loom

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 6, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    On Thursday, investors were in wait-and-see modus ahead of today’s US payrolls. A shy attempt to continue the dollar rally versus the euro was rapidly reversed with an intra-day low set at 1.0834 (1.0809 key support). The dollar up-move missed conviction and EUR/USD moved higher again and slid in a sideways range, leaving the EUR/USD at 1.0884 in the close, a small daily gain of 18 pips. Similarly USD/JPY tested the 121.75 resistance, with a 122 high intra-day, but couldn’t sustain, closing

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