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The overall movement of the EURUSD pair was confined in a narrow range in the last week. The pair experienced ranging movement with critical resistance at 1.12732 and potential support at 1.11395.In the daily chart, the price is chopping the 100 and 200 days daily SMA with the slightly bullish mode. Last week the Euro sharply bounced back from its initial support zone at 1.11395.The US economy added 156,000 jobs in the last month of September according to the last release of NFP data. The expected unemployment claim was 4.9% which came slightly worse, ticking up 5.0%.The average hourly earnings of the US people remained constant at 0.2% just as expected. This has created relief into the mind of investors of EURO helping the pair to rally up against its major rival in the month of October. Investors are expecting a bullish opening in the EURUSD pair since fundamentally the dollar has weakened to great extent followed by the interest rate hike decision. In the last FOMC meeting minute, the FED clearly announced that they are going to hold the interest rate hike decision till the month of December 2016.The dovish hold in the interest rate hike decision slipped the dollar down against all its major rivals.

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