EUR/USD Forecast: Choppy action continues heading into new year by eren_fxstreet EURUSD Euro USDollar
made it clear that they will not hike the policy rate until they end the purchases within the Asset Purchase Programme. These comments seem to be making it difficult for the shared currency to regather its strength in the early European session.
Later in the session, the US Department of Labor's weekly Initial Jobless Claims data will be featured in the Initial resistance aligns at 1.1340 before 1.1360 . Although the pair managed to rise above that level on Wednesday, it retreated back below it before closing, punctuating the significance of that resistance.
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