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EURUSD PRE NFP support is 1.0830

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The EURUSD pair is still capped below 1.0900. One of the reasons is definitely opposite fundamental reasoning between ECB and FED. Draghi implied that the next round of QE could come in December while Yellen gave a possible hint for a rate hike in December. Market is expecting good NFP numbers but we can never be sure about the exact number until we see the actual result. We need to pay attention to technical, that is why I have included an overlay of daily chart. Typically for PRE NFP

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