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    Thread: today Euro is currently trading???

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      Default today Euro is currently trading???

      Euro is currently trading at 1.1076 well above 1.1060 resistance area and heading to 1.1100-1.1146 as U.S macroeconomic data continuously came negative figures, dollar receding under 98.00 DXY shows. Technically Euro trading bullish bias channel and 1.1050-1.1060 acting as strong support zone area, MACD histograms in 1hour declining and RSI loosing some momentum but according to 4h it is in strong Buy. "We strongly recommends Buy above 1.1060 targets could achieve 1.1086,1.1103,1.1130-1.1146" U.S Philly Fed manufacturing data will be in focus


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      The European currency showed a significant decline against the US dollar on Tuesday, continuing to develop the corrective impulse that was formed at the beginning of the week. The pair is trading under the influence of technical factors, while the fundamental background and macroeconomic statistics remain mixed. Some support is provided for the EUR due to the situation around the Brexit. It became known on the eve of the British parliament's approval of a new version of the agreement, but that does not mean that Britain is ready to leave the EU. Parliamentarians should now consider all the amendments made earlier, and then the European Commission should ratify the Convention.


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