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KQMarkets
Dec 6, 2019 12:44 PM

EURUSD - Long - Pre Payrolls Long

Euro Fx/U.S. DollarFXCM

Description

We see EURUSD continuing it's upward momentum on the back of a weaker US dollar with the FED indicating there would be no further rate cuts despite downside risks. A weak payroll number later today could see further upside for the currency pair and prices could challenge resistance at 1.122.
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