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EUR Trading Outlook (07-04-2014)

AUD/USD: A better than expected Oz job data could help the AUD to test 0.9340 resistance, a break above there could trigger a run towards 0.9450.

EUR/USD: The pair was sitting close to 1.3700 area before the NFP, as the data came out below f/c, EUR/USD made a quick lift to near 1.3720. However, the gain was quickly given away as well as JPY strength came in, EUR/JPY slipped to a low of 141.42, dragged the EUR/USD to a low of 1.3672. Bids into TL support of the July low & 21 WMA halted the slide. Light data are due for this week, could see this pair trading in a tight range.

Back to EUR Trading Outlook Archive

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