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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 187642, member: 65834"] EURUSD AFLOAT ABOVE 1.18 HANDLE; VACCINE HOPES RENDER SUPPORT [ATTACH type="full"]17219[/ATTACH] EURUSD is trading at 1.1822 level, representing a gain of 0.08% amid continued optimism regarding the coronavirus vaccine developed by Pfizer and BioNTech that has shown promising results in the late-stage clinical trials, claiming to be 90% effective. The optimism over the vaccine helped offset the fears of rapidly surging coronavirus cases. Having said that, the global coronavirus cases have surpassed the worrisome 50 million mark, with nearly 1.27 million fatalities. Coming to the previous session, EURUSD witnessed a two-way price action to finally settle the day unchanged at the 1.1813 level. Initially, the currency pair peaked at the 1.1843 level owing to the development in the coronavirus vaccine that improved the risk appetite of investors. However, EURUSD quickly lost steam and dipped to the low of 1.1779 level following the release of gloomy Eurozone data. The ZEW Economic Sentiment data for the Union stood at 32.8, much worse than anticipated 43.3, while for Germany the data contracted to 39.0, versus the expected 45, thus exerting pressure on the single currency. This Wednesday, there’s no macroeconomic releases from either sides SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/233901531485554"]www.facebook.com/fxviewdotcom/posts/233901531485554[/URL] [/QUOTE]
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