EURUSD Technical Outlook-
It shows that EURUSD is resuming bearish movement after a consolidation. Last week it has broken short term support at 1.1100. Now more bearish movement is expected targeting 1.0550.
On Fundamental View Point
The USD is seems to be strong on fundamental view. Recent fundamental data including NFP result is quite hawkish for usd and the stock and bond market is seems to be rising. On the other hand EURO is seems to be weak from the recent fundamental data. So, further bearish movement can be expected on EURUSD.
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