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EUR/USD Outlook (04 February 2020)

Euro / U.S. Dollar (FX:EURUSD)  
JinDao_Tai  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Forex macro technical trend EURUSD
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trendanalysis forex macro technical trend eurusd
Overall, EUR/USD is trending downwards. Recently, EUR/USD tested but failed to break the resistance level of 1.10800.
The eurozone final manufacturing PMI data (Actual: 47.9, Forecast: 47.8, Previous: 47.8) released yesterday was better than forecasted.
EUR/USD’s next support level is at 1.09000 and the next resistance level is at 1.10800.
Look for selling opportunities of EUR/USD.
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