EURUSD Gains Traction After the NFP on German Industrial Production Rebound

After the massive blow from Coronavirus spreading into the US, and the presidential elections mish-mash, EURUSD is pulled higher by the upbeat NFP report. As it appears the US non-farming sector has added 273,000 new jobs. But this is not all, as Germany’s industrial production gained 3% MoM in January, EURUSD rises again above 1.1400. Check this out!

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Small retracement back down the the 1.13 level but I thinkit will be reversing and continuing up soon enough. Expect it to be north of 1.15 by the end of the week.

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True, there are chances, yes.