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The Euro Is Back to 1.17
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By rosered44
Not very much news today and the euro is quietly drifting back to the 1.17 handle.
The non-farm payrolls tomorrow could be key to whether the euro bullish momentum can continue.
The euro returned above 1.23 today but the trading activities were thin because of the Easter weekend. The EUR/USD started the week fairly strong because of the trade war concerns from the U.S., but the sentiment turned around abruptly midweek and the euro fell almost 200 pips from the high…
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The EURUSD was in the free fall pattern after the U.S. and Canada reached the trade agreement at the 11th hour. The EURUSD has suffered huge losses since September 24 and fallen almost 300 pips. Several factors have triggered the U.S. dollar strength against the euro. The Fed will continue…