We have changed our view from neutral to long on EURUSD as it has gained upward momentum and we would look for the currency pair to consolidate above long term resistance at around 1.11 in the coming trading sessions. We expect EURUSD to continue rising due to USD weakness as we await data releases this weak including non-farm payrolls on Friday.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.