EUR/USD is trading relatively unchanged today compared to yesterday's price. The pair has been caught in the range around 1.11. Market participants are anticipating the most important data of the month later today, namely the NFP's and Jobs report data.
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Forex, Markets, Macro Economic News Discussion.
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EUR/USD is trading unchanged at the moment at 1.1112. The price skyrocketed to a high of 1.13 when the initial results predicted a Trump victory. Now that he is President-elect markets have digested the news and price is back to normal. A classic buy the rumor, sell the fact scenario.
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EUR/USD is trading higher in today's session after a few days of high volatility and uncertainty. Current market price is 1.0643, close to first resistance at 1.0650. If bulls manage to pull through that level then we might an attempt to go higher possibly above 1.0750 before the weekend. On the other hand, bears need to go below 1.06 in order for the bull run to be discontinued.
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