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After the Thanksgiving lull, the economic calendar swings back into gear with a raft of tier-one data. The highlights include Eurozone inflation, manufacturing PMIs and a crucial Nonfarm Payrolls.
With US inflation falling in line with expectations and presidential promises that have eased nerves in the US banking system, major markets are settling.
Traders monitor fluctuations in price to establish trends. One of the ways they do this is by keeping a close eye on two key levels – support and resistance.
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