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Fundamental Analysis
EURUSD
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[QUOTE="Terry_8, post: 188224, member: 65834"] EURUSD TRADES NEAR THE 1.192 NEIGHBORHOOD AS GREENBACK WILTS [ATTACH type="full"]17315[/ATTACH] EURUSD ticks higher in the early Asian trading hours, courtesy of the broad-based weakness in the US dollar. The market mood stays buoyed in response to the upbeat Chinese data that reinforced expectations of a quick global economic recovery. However, the upside remains capped owing to the doubt raised over the British pharmaceutical giant AstraZeneca’s coronavirus vaccine trial results. As of now, the currency pair is trading at 1.1923 level, representing gains of 0.09%. Coming to the previous session, EURUSD witnessed a two-way price action to settle the day nearly unchanged at 1.1912 level. Initially, the currency pair surged to the intraday high of 1.1941 level amid the market's euphoric mood led by vaccine breakthroughs that gave a boost to the risk appetite of investors. Although, later in the session, the currency pair retreated from the day’s high due to dismal German GFK Consumer Climate data that came at -6.7 versus the expectation of -4.9. Besides, ECB reiterated that pandemic is likely to have a long-lasting impact on the Eurozone economy. Moving forward, investors can take cues from the French Consumer Spending, Prelim CPI, and Prelim GDP data for short-term trading impetus SOURCE FXVIEW FB: [URL="http://www.facebook.com/fxviewdotcom/posts/242669837275390"]www.facebook.com/fxviewdotcom/posts/242669837275390[/URL] [/QUOTE]
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