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EUR/USD Loses 1.30 on the Dollar Storm

EUR/USD gave a fight against the dollar’s storm across the board, but eventually surrendered and loses the 1.30 line.

1.2960 provides support, followed by 1.2880. Resistance is at 1.3050.

The move began with the better than expected jobless claims in the US, continued with USD/JPY storming above 100 and continued with ongoing pressure of the dollar against all other currencies across the board.

For more, here is the EUR/USD forecast and a live chart of EUR/USD:

[do action=”tradingviews” pair=”EURUSD” interval=”60″/]

More:  Fasten your seat belts – more turbulence ahead

Yohay Elam

Yohay Elam

Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts.