Trading signals

EUR/USD

EURUSD

The upbeat US GDP data failed to support the dollar as the Fed rate cut decision outweighed this news. Traders are looking forward to NFP report now.

 

The main scenario is a further rally towards the 1.1190 area.

An alternative scenario is a correction towards 1.1140. 

 

Trading recommendations

 

A break above 1.1170 risks a growth towards the resistance at 1.1190.

A bounce off 1.1170 would favor further losses towards 1.1140.

 

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