The recent uptrend in EURUSD stuck out in the last 2 days of this week's trading. Can we see some significant levels in the chart below to keep an eye out for next week.
Upwards we can see that an area of resistance was formed near 1.4030. support is coming in the short term around 1.3630 and down about 1 3330.
These levels will likely be significant ones to watch per share price negotiating configurations negotiating this next week.
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Comment:
The dollar sank Friday against other major currencies as a jobs report showing a dismal loss 95,000 job last month gave further weight to the notion that the Federal Reserve of the United States will adopt quantitative easing and inject cheap money into the economy to help stimulate economic growth.
The dollar abandoned for another 15 year low against the Japanese Yen Friday, hitting a low of about 81 72 before closing approximately 82 07 pm against the yen.
The Dow closed up in paragraphs 57.90 or 0.53%, S & P 500 added 7.09 points or 0.61% and the Nasdaq added 18.24 or points 0.77%.
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