EUR/USD Bracing For Next Upside Break?

Key Highlights The Euro traded higher recently, but it struggled to break the 1.1490 resistance against the US Dollar. There is a major contracting triangle in place with resistance at 1.1465 on the 4-hours chart of EUR/USD. The US Pending Home Sales in Nov 2018 declined 0.7% (MoM), less than the last -2.6%. Today in the US, the Dallas Fed Manufacturing Business I...
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USD/JPY Remains In Downtrend Below 112.00

Key Highlights The US Dollar struggled to recover above the 111.40 level and declined against the Japanese Yen. There is a crucial bearish trend line in place with resistance at 111.50 on the 4-hours chart of USD/JPY. The US Housing Price Index in Oct 2018 increased 0.3% (MoM), more than the last +0.2%. Today in the US, the New Home Sales figure will be released, ...
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EUR/USD Decline Could Extend Below 1.1350

Key Highlights The Euro faced a strong barrier near 1.1480 and declined recently against the US Dollar. EUR/USD faced a strong resistance trend line at 1.1485 on the 4-hour chart. The US GDP in Q3 2018 increased 3.4%, less than the forecast of 3.5%. Today in the US, the Chicago Fed National Activity Index for Nov 2018 will be released, and it could decline from 0....
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USD/JPY Nosedives Below 112.00, US GDP Next

Key Highlights The US Dollar declined heavily and broke the 112.00 support against the Japanese Yen. USD/JPY failed to break the 113.80-114.00 resistance zone and declined sharply. The US Initial Jobless Claims for the week ending Dec 15, 2018 increased from 206K to 214K. Today, the US Gross Domestic Product for Q3 2018 will be released, which is forecasted to gro...
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USD/CAD Remains Well Supported On Dips

Key Highlights The US Dollar traded higher recently and broke the 1.3400 resistance against the Canadian Dollar. There is a major bullish trend line formed with support at 1.3420 on the 4-hours chart of USD/CAD. The Canadian CPI increased 1.7% in Nov 2018 (YoY), less than the forecast of 1.8%. Today, the US Initial Jobless Claims will be released, which is forecas...
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Gold Price In Significant Uptrend, Fed Rate Decision Next

Key Highlights Gold price climbed higher recently and broke the $1,240 resistance against the US Dollar. There was a break above a major bearish trend line with resistance at $1,242 on the 4-hours chart of XAU/USD. The US Housing Starts in Nov 2018 increased from the last revised reading of 1.217M to 1.256M (MoM). Today, the Fed Interest Rate Decision will be anno...
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GBP/USD’s Recovery Could Fail Near 1.2700

Key Highlights The British Pound found support near 1.2475 and recently recovered against the US Dollar. There are two important bearish trend lines in place with resistance near 1.2700 on the 4-hours chart of GBP/USD. The Euro Zone Core CPI declined 0.3% in Nov 2018 (MoM), more than the forecast of -0.2%. Today, the US Housing Starts for Nov 2018 will be released...
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EUR/USD Broke Key Support, More Losses Likely

Key Highlights The Euro failed to surpass the 1.1440 resistance and declined recently against the US Dollar. There was a break below a key bullish trend line with support at 1.1330 on the 4-hours chart of EUR/USD. The US Retail Sales in Nov 2018 increased 0.2% (MoM), similar to the forecast. Today, the Euro Zone CPI for Nov 2018 will be released, which is forecast...
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USD/JPY Approaching Significant Resistance Near 114.00

Key Highlights The US Dollar climbed higher recently and traded above the 113.00 resistance against the Japanese Yen. There was a break above a major bearish trend line with resistance at 113.24 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Dec 08, 2018 declined from 233K (revised) to 206K. Today, the US Retail Sales figure for...
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EUR/GBP Remains In Uptrend Above 0.8940

Key Highlights The Euro rallied recently and traded above the 0.8900 and 0.9000 resistances against the British Pound. There is a crucial bullish trend line formed with support at 0.8960 on the 4-hours chart of EUR/GBP. The US CPI in Nov 2018 increased 2.2% (YoY), similar to the forecast, but less than the last 2.5%. Today, the ECB Interest Rate Decision is lined ...
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