Forecast and technical analysis EURUSD on February 05, 2019.

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EURUSD: downtrend on the euro continues

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On Monday the 4th of February, trading on the euro closed down. In the US session, the dollar made gains against all the majors on the back of a rise in US10Y bond yields. Traders and investors clearly took positives from the US jobs report on Friday. Growth on the dollar was tempered, however, by disappointing figures for US factory orders. Factory orders fell by 0.6% in November against a forecasted rise of 0.3%. Since this data was for November, the reaction to it was relatively weak. The euro subsequently dropped to 1.1424.

Trading plan Forex for 05.02.2019

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On Tuesday, the 5th of February, the event calendar is light in important data releases, but the global investors should keep an eye on the PMI Services and Composite PMI being released from Germany, France, Spain, Italy, the UK, and the Eurozone itself. During the US session, the only interesting data release is ISM Non-Manufacturing data for the last month. No speeches are scheduled for today.

Forecast and technical analysis EURUSD on February 04, 2019.

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EURUSD: bears trying to gain take control in the Asian session

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Most of the major currencies demonstrated growth against the US dollar last week. These included the Aussie dollar (+0.94%), the Canadian dollar (+0.89%), the Kiwi dollar (+0.75%), the euro (+0.42%), and the Japanese yen (+0.01%). The only currencies to lose out were the Swiss franc (-0.22%) and the British pound (-0.93%).

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