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EUR/USD MACD higher lows indicates upside ahead

A run of EUR/USD MACD higher highs and lows, could imply a shift in sentiment ahead.

In recent weeks, the pair has suffered declines, but in the short term at least, we could experience a move to bullish sentiment. This is highlighted by the MACD posting higher highs and lows on the 4-hour chart. At the same time, price action is posting lower lows, which should indicate that spot has bottomed out for the time being.

Be extra nice to Dutch economists, oh and watch NFP's - Rabobank

Michael Every, analyst at Rabobank noted the key events ahead in tonight's US session.
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Asian markets stay positive ahead of NFP

Stocks on the Asian bourses are seen trading mixed, unimpressed by the negative close on the Wall Street overnight and by the drop in energy prices. While traders prefer to stay on the side-lines ahead of the highly-influential US labour market report due later today, which is likely to confirm a Fed Dec rate hike.
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