The EUR/USD shared currency pair started traveling on a correction path backpedaling towards the 1.3914 level this event occurred just before the announcement of the non-farm figures on the last day of the trading week.
For the time being the single currency pair is now trading in the proximity of the 1.3840 point going down by a small yet negative value of -0.3% for today’s trading session.
It is worth mentioning that many traders think that the 1.3914 level will gradually become a trading peak as long as the bias continues to remain negative this will eventually lead to a short movement towards the 1.3820 important support point.
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Low = 1.3835
R1 = 1.3907 R2 = 1.3942 R3 = 1.3977
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