EURUSD Technical Outlook

It shows that EURUSD is resuming the bearish movement after a consolidation. Last week it has broken short-term support at 1.1100. Now the more bearish movement is expected to target 1.0550.

On Fundamental View Point

The USD seems to be strong on fundamental view. Recent fundamental data including NFP result is quite hawkish for USD and the stock and bond market is seems to be rising. On the other hand, EURO seems to be weak from the recent fundamental data. So, further bearish movement can be expected on EURUSD.

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