EURUSD Analysis 04/06 · Traders' Mindset

EURUSD Analysis 04/06

Yesterday, the euro rose strongly in the american session after the worse-than-expected ISM Manufacturing PMI data was released, and surpassed this week's key level at 1.08750.

In the derivatives market we saw a large volume of call options with strike 1.10000, so, although we may have a setback after yesterday's big rise, the euro should continue rising to the 1.09750 - 1.10000 zone.

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