EUR/USD: Traders, beware of false breakouts!

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At the start of Friday's U.S. trading session, key labor market data for the United States was released. Almost all components of the release were in the green zone, leading to a strengthening of the greenback across the market. The U.S. Dollar Index jumped to 104.26, hitting a three-week high. In turn, the EUR/USD pair declined to the support level of 1.0720 (the lower line of the Bollinger Bands on the daily chart). However, the pair impulsively failed to surpass

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