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Market View

EURUSD followed our trading plan!

Friday, November 10, 2017 9:15 AM GMT


Our trading plan was verified as EURUSD retraced near 1.16 and then it continued higher during the session. Regarding economic news, US Initial Jobless Claims were up to 239k comparing to 229k previously while 231k expected. US Continuing Jobless Claims were up to 1.901M comparing to 1.884M although 1.890M estimated. Meanwhile, EU raised the Euro-zone's 2017 growth prediction, forecasting the fastest fiscal increase in a decade.

Today, there are no major EU events and traders will concentrate on US Michigan Consumer Sentiment Index and Baker Hughes US Oil Rig Count.

Reviewing the daily TF, the pair is approaching the 21 EMA and a major resistance level at 1.167. Traders could search for potential selling opportunities near this zone.


Heading to the hourly TF, we have noted how the pair moved during yesterday’s session and how followed our plan.



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