Technical Analysis
EUR/USD
"The latest jobless claims added to the recent evidence that some of the U.S. growth momentum seen earlier in the year is starting to ease."
- BNP Paribas (based on CNBC)
After being suspended by a 1.2850 level, the major currency pair made a spike down, breaking a recent low at 1.2751 as unemployment data in the U.S. was announced. However, EUR/USD recovered bullish sentiments in a four-month low and the price gradually increased above the 20-day SMA and the monthly PP level at 1.2897.
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