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NFP of US is at 223 k against the street expectation of 189 K should give a boost to US currency and we may expect Eur to trade sub 1.5k in a short time. However, The correction in the past 2 weeks in Eur/USD seems to have been absorbed! Any trade above 1.1730 zone in Eur/USD may result in bullish trend. For all the bearish positions, a close above 1.1750 on 4 hour candle may be stop.
Japanese Yen above 110 may witness further uptrend as it is currently working as inverted shoulder. We may also expect it to reach 111.50 in a short period. below 109 it is expected to be bearish and may correct upto 108. as of now, I don't see any trend in this pair.
Japanese Yen above 110 may witness further uptrend as it is currently working as inverted shoulder. We may also expect it to reach 111.50 in a short period. below 109 it is expected to be bearish and may correct upto 108. as of now, I don't see any trend in this pair.
