EURUSD to test 1.20 in the next few days

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Thread: EURUSD to test 1.20 in the next few days

  1. #1
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    Default EURUSD to test 1.20 in the next few days

    EURUSD to test 1.20 in the next few days
    The Dollar is on the way to make temporary recovery against the Euro in the next couple of hours. The recovery is based on technical correction. *EURUSD trend in the mid-term period remains upward.
    There are some key fundamental events that can move the market. The first one and most important is the U.S. Retail Sales for March. It is expecting a strong recovery up to 5.9% compared with -2.7% in the prior month. During the same time of Retail Sales release is expecting Initial Claims. The weekly number of people filing first-time claims for state unemployment insurance may drop to 700K compared to 744 prior month.
    For tomorrow morning Germany's Harmonized Index of Consumer Prices is expecting at the same level of 2.0%.
    All these factors are not enough to support the Dollar at the end of this week and beginning of the new week. World-Signals.com expects to see EURUSD to test 1.20 and above.
    In a support level we recommend to use the level of 1.1915.
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    Loss is the part and parcel of forex market. Every trader wants to reduce their losses. If you want to reduce your losses you need to study more and more about forex market. Basically new traders are not serious about the losses. To reduce the losses every traders need to make a plan and walk through that plan. I always trade with Forex4you. It has low spread and give personal advice to reduce or recover the losses.

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    The pair reached 1.2000 today, let's see whether there will be a rally above that level.

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    in ro ham eslah kon:
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