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EUR/USD Technical Analysis & Daily Chart

Published on: 06/04/2017

Today the EUR/USD pair will have a more or less busy day. There is a lot of different data coming out from many places within the European Union, such as the German, French, Italian and Spanish services PMI, which all have the potential to shape the course for the euro.

On the other hand, we also are expecting a lot of information about the economy of the United States today, as we would receive the minutes from the FOMC meeting, crude oil inventories, the ISM Non-Manufacturing and Final Services PMIs, and other important reports.

The EUR/USD pair is likely to exhibit a medium volatility today. Keep an eye on the key resistance levels of 1.0713 and 1.0723 - we can buy the pair if it surpasses 1.0730. Similarly, watch out for the 1.0643 and 1.0633 support levels and sell the pair from 1.0626.

Stay tuned for the news coming out from both the EU and the US and be prepared to adjust your positions accordingly.

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