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EUR/USD trading off Thursday after closing right at 1.3578 resistance Wednesday

FXstreet.com (Barcelona) – The EUR/USD has started the US Thanksgiving holiday on a down note after failing Wednesday to close above resistance at 1.3578. With no US data Thursday, Europe and technicals will be the drivers Thursday.

EUR/USD traders to monitor EuroZone data on Thursday

The data flow that may have an impact on the EUR/USD Thursday includes: German Unemployment; EuroZone Consumer Confidence; EuroZone Sentiment indicators; and German Inflation Data.

Technical outlook for EURUSD

Technicians say the EUR/USD has key resistance at last Wednesday’s peak at 1.3578. That is the bears’ “line in the sand” …read more