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- EUR/USD had fallen to two -month low prior to the U.S jobs report. After softer than expected U.S NFP jobs report the pair recovered smartly till 1.12045 level. It is currently trading around 1.11762.
- The trend line joining May, Aug and Sep high comes around 1.1250 and any short term bullishness can be seen above that level.
- Any break above trend line resistance will take the pair to next level till 1.1300/1.13660 in the short term.
- On the lower side, any break below 1.1060 (trend line joining 1.09115 and 1.09519) will drag the pair to lower level till 1.1000/1.0950/1.0910 in the short term.
It is good to buy on dips around 1.1120 with SL around 1.1050 for the TP of 1.1250/1.1360
