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The EUR/USD pair rallied towards its highest since late October

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 5, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD The EUR/USD pair rallied towards its highest since late October, reaching 1.1238 amid the continued dollar's selloff. US data came out mixed, but weak, as the weekly unemployment claims resulted at 285K for the week ending Jan 29, worse than the expected 280K. Unit labor cost improved during the last quarter of 2015, up by 4.5% against expectations of a 3.9% advance, but nonfarm productivity during the same period shrank by 3.0%. Finally, further signs of manufacturing weakness came

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