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The euro currency fully recovered from the declines earlier in the week as it approached the July 31st highs.

Price action briefly rose to the 1.1900 level once again but fell back intraday. This consolidation near the two-year high is likely to continue, heading into the payrolls report.

We could expect to see prices breaking out, possibly to the upside, given the current momentum.

Above 1.1900, the next key level for EURUSD to conquer will be the 1.2000 level and will set the currency pair to another big milestone.

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