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EUR/USD 1-hour chart, source: forexfactory.com |
And the other index of U.S. unemployment rate recorded 4.7 percent, lower than that of expectation. Participants forecasted 4.9 percent.
And I acknowledge my analysis was failed. I expected the weak Euro against U.S. Dollar by the double-tops pattern in one-hour chart and Euro is supported at 1.11 marked the bottom last month.
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EUR/USD 4-hour chart, source: forexfactory.com |
We need to watch the direction of greenback now. Since the global finance crisis, this bad news has provoked the strong Dollar. Participants concluded that only Dollar is believed. If such a result is announced, it was natural not Dollar's decline but Euro's diving.
Now we need to consider the another opportunity not just Dollar Long at unexpected economic index.
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