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Commentary Topic from greenfaucet

Jobless Claims and IMF on China

Apparently the SIXTH time is the charm for the EUR/USD, which has finally burst comfortably through the 1.30 level. At this point, a deep retracement would be needed to cause the EUR/USD to end the NY trading session below 1.30. Anything can happen during the North American session but with no major event risk left for the day, the better than expected jobless claims report favors a move above 1.31.