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KQMarkets

EUR/USD Short Still Struggling to break Key Support level

Short
Euro / U.S. Dollar (FX:EURUSD)  
KQMarkets  
FX:EURUSD   Euro / U.S. Dollar
Support and Resistance Fibonacci Beyond Technical Analysis EURUSD short CPI GDP
4
0
supportandresistance fibonacci beyondta eurusd short cpi gdp
We currently still see EUR/USD dropping but there has not been much price action as the currency pair struggles to break the key support level at 1.10962. Therefore we are awaiting German unemployment and CPI data as well as US GDP data on Thursday but still see EUR/USD moving towards 1.09 in the coming months.
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