EUR/USD: Short-term bullish, till ECB

EURUSD stabilized last week, firstly with five five waves up from 10725 which marks an important short-term low, and then bounced after a wave set-back despite strong US jobs data. We see nice wave b correction that is now pointing to higher prices near-term only; possibly wave C up to 1.09-1.0940 area till ECB this Thursday. A slightly higher rates in Germany compared to one in US can be one of the reasons why EURUSD pair holds the support.

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