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Today we could seen GDP of EUR which has high impact on EURUSD pair . The GDP is considered as a broad measure of the Eurozone economic activity and health. Usually, a rising trend has a positive effect on the EUR, while a falling trend is seen as negative (or bearish). Previous GDP YoY 0.05% and expected YoY 0.9%, So lets see whats actual number. We're looking for at least 40 pips movements on news release, but which has the sign weather EURUSD pair form Bull/Bearish momentum. On May EUR fall m…
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EURUSD Capped by Range trade
At EURUSD 1.3500 as investors seem unwilling to add positions ahead of the ECB decision and the US nonfarm payrolls (NFP)
Range trade expected 1.347 to 1.3560 level until tomorrow ECB news release then NFP on Friday
Range trade expected 1.347 to 1.3560 level until tomorrow ECB news release then NFP on Friday