Steep Downtrend channel weighing on EUR/USD

The EUR/USD is under pressure once again, trading lower ahead of the Non-Farm Payrolls. Weak euro-zone data continues flowing, preventing a pre-NFP calm. The technical picture remains bearish as the pair remains confined to a steep downtrend channel. The EUR/USD is trading around $1.1960, down 0.25% on the day and close to the recent three-month […]

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