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DOW higher amid stronger NFP and Trump’s executive orders – DOW JONES Market Outlook – 10/08/2020

SquaredFinancial

Better than expected Non-Farm Payrolls (Jul) and Unemployment data released on Friday along with President Trump signing 4 relief measures over the weekend boosted risk on sentiment as the index prints higher, hitting our resistance level at 27550. Further pickup in JOLTs Job Openings (Jun) data expected today could further boost bullish momentum with 27700 as the closest resistance target.

Support: 27400 / 27175
Resistance: 27550/ 27700

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Source: https://livesquareddirect.s3.eu-west-2.amazonaws.com/wp-content/uploads/2020/08/10100939/dow-10_8-1024x545.png
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