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EUR/USD Buy Setup


The EURUSD0.15% us in a corrective structure, it is about to break out out of a down correction so buying the breakout looks like a good idea.
Trade with care.
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Not so good!!!

Better by the looks of things
  • April HICP -0.4% vs -0.5% exp y/y. Prior -0.7%
  • CPI -1.3% vs -1.3% exp y/y. prior -1.5%
Industrial production wasn't very good in March though as it fell 4.0% vs -3.0% in Feb. That was revised to -2.5%.
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Forex today

US Non-farm employment changes ( NFP ) result was below market expectation , but other result was better than expected, dollar index slightly stronger at closing. The commitment of trader report ( COT ) of Australian dollar AUD show last week there is less Bull and less Bear entering the market but the net position is Positive way above 0 , there is much more bulls position than bears. Technically looking at AUDJPY daily It hits monthly S1 on last week Friday and today bounce off MS1 , stochasti…
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