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Intra-Day Market Moving News and Views
01 Apr 2016
 09:16GMT

EUR/USD - ..... The single currency trades with a firm undertone as early release of upbeat German & EZ mfg PMIs prompted another wave of broad-based euro buying (eur/gbp climbed to fresh 14-month peak of 0.7965), suggesting re-test of yesterday's 5-month high at 1.1412 (New York) is on the cards where buy stops are reported above there.

Therefore, trading euro from the long side is recommended, however, do exit long positions ahead of key U.S. payrolls is recommended as the NFP had clocked up well above 225k in last 4 out of 5 months. 
Another robust number (230K plus) may knock euro briefly to 1.1360/70 before buyers emerge. 

For now, bids have been raised to 1.1390-80 and more below with stops below 1.1360. Offers are tipped at 1.4410/15 with stops above there.

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