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    BRAND MARKET ANALYSIS AND NEWS EURUSD Update, 1.12 in Sight after Break Out of Multi Week Range Market News

    EURUSD, Daily

    The EURUSD finally broke out of its multi week trading range and jumped 200 pips to close above 1.1100 for the first time since August 2015 (See my January 4th 2016 post). The EURUSD market has been looking for an excuse to annoy Mario Draghi at the ECB and take the EUR higher and yesterday’s sluggish U.S. economic data was the kind of catalyst that the market has been looking for.

    Feb 4 EURUSD SRL

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    John Knobel 

    Senior Currency Strategist

    HotForex

    Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.


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