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EURUSD: The pair looks to weaken further in the new week following its past week losses. On the upside, resistance comes in at 1.1550 level with a cut through here opening the door for more upside towards the 1.1600 level. Further up, resistance lies at the 1.1650 level where a break will expose the 1.1700 level. Conversely, support lies at the 1.1550 level where a violation will aim at the 1.1500 level. A break of here will aim at the 1.1450 level. Below here will open the door for more weakness towards the 1.1400. All in all, EURUSD faces further downside pressure

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This one is new report on above EUR/USD by experts.
After a brief test of levels above the 1.1600 handle on PBoC headlines, EUR/USD manages to keep the buying interest around the 1.1600/10 area in the wake of US Non-farm Payrolls. Spot keeps the familiar range post-PBoC spike after the US economy created 157K jobs during July, coming in below estimates at 193K and down from June’s 248K (revised from 213K). Further data showed the unemployment rate slipped to 3.9%, matching prior surveys. In addition, Average Hourly Earnings – a proxy for wage inflation – expanded at a monthly 0.3% and 2.7% over the last twelve months, in line with previous estimates Later in the session, the key ISM Non manufacturing during July is due along with Markit’s Services PMI for the same period. At the moment, the pair is up 0.06% at 1.1592 facing immediate contention at 1.1562 followed by 1.1527 and then 1.1508 . On the upside, a breakout of 1.1680 would aim for 1.1749 and finally 1.1792 (high Jul.9)
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