Trading signals

EUR/USD

EURUSD

Strong inflation data and Initial Jobless Claims release supported the dollar and sent the euro to fresh lows.

 

The main scenario is a recovery to the 1.1160 region.

An alternative scenario assumes a decline to the 1.1120 region. 

 

Trading recommendations

 

The EUR/USD pair is likely to attack 1.1140 before targeting 1.1160.

A move below 1.1130 will open gates to 1.1120.

 

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