EURUSD – Euro’s Recovery Attempt Could Fail Soon Vs Dollar

EURUSD – Euro’s Recovery Attempt Could Fail Soon Vs Dollar Key Highlights The Euro fell sharply this past week against the US Dollar, and traded as low as 1.0366. There was an important support at 1.0520-00, which was broken by EURUSD to open the doors for more declines. In China today, the hosing price index, released by the National Bureau of Statistics posted...
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EURUSD – Can Euro Continue to Hold 1.0500 Support?

EURUSD – Can Euro Continue to Hold 1.0500 Support? Key Highlights The Euro found support on the downside around 1.0500 on 3-4 occasions against the US Dollar. The daily chart of the EURUSD pair clearly suggests that the highlighted support is very important for EURUSD. Today in China, Industrial output released by the National Bureau of Statistics of China posted ...
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EURUSD – Euro At Risk of Further Declines Vs Dollar

EURUSD – Euro At Risk of Further Declines Vs Dollar Key Highlights The Euro declined this past week against the US Dollar due to a strong NFP figure in the US. There was a crucial bullish trend line formed on the hourly chart of EURUSD, which was broken at 1.0600 for more downsides. The US nonfarm payrolls released by the US Department of Labor this past Friday po...
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EURUSD – Can Euro Buyers Clear This Resistance Vs Dollar?

EURUSD – Can Euro Buyers Clear This Resistance Vs Dollar? Key Highlights The Euro managed to recover from the 1.0520 swing low against the US Dollar, and currently correcting higher. There is a flag pattern formed on the 4-hours chart of EURUSD, which is holding the current trend in the Euro. There is a major resistance area at 1.0650 and 1.0675, which must be bro...
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EURUSD – Euro Remain at Risk of Further Declines

EURUSD – Euro Remain at Risk of Further Declines Key Highlights The Euro continued to face sellers against the US Dollar, as EURUSD declined below 1.0650. There was a crucial break noted for the EURUSD pair on the 4-hours chart, suggesting more losses. Today, the US will witness the release of the Chicago Fed National Activity Index (CFNAI). Earlier today, the ...
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EURUSD – Euro Nosedives Vs Dollar As Market Settles Down

EURUSD – Euro Nosedives Vs Dollar As Market Settles Down Key Highlights The Euro after trading as high as 1.1299 against the US Dollar found sellers and moved down. There was a bullish trend line formed on the hourly chart of EURUSD, which was broken during the downside move at 1.1020. Today, the Chinese Retail Sales report released by the National Bureau of Stati...
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EURUSD – Euro May Climb Further Vs US Dollar On Risk Sentiment

EURUSD – Euro May Climb Further Vs US Dollar On Risk Sentiment Key Highlights The Euro was seen trading higher this past week, and moved above the 1.1050 resistance against the US Dollar. There was a crucial bearish trend line on the 4-hours chart of EURUSD, which was broken near 1.1050 to clear the path for more gains. Today, the Euro Zone Retail Sales report wil...
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EURUSD – Euro’s Downside Thrust Before Higher Vs Dollar

EURUSD – Euro’s Downside Thrust Before Higher Vs Dollar Key Highlights The Euro recently popped higher against the US Dollar to trade above the 1.0940 resistance. There was a contracting triangle pattern formed on the hourly chart of EURUSD, which was broken near 1.0920 for an upside move. Today in the Euro Zone, the CPI reading for Oct 2016 (preliminary) will b...
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EURUSD – Euro Might Decline Further Vs USD

EURUSD – Euro Might Decline Further Vs USD Key Highlights The Euro faced a lot of selling pressure lately against the US Dollar, moving below the 1.0900 support area. There is a minor bearish trend line formed on the hourly chart of EURUSD, which may act as a resistance near 1.0880. Today, the Euro Zone Manufacturing Purchasing Managers Index (PMI) will released b...
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EURUSD – Euro Remains In A Downtrend Vs US Dollar

EURUSD – Euro Remains In A Downtrend Vs US Dollar Key Highlights The Euro faced a lot of sellers recently and declined versus the US Dollar towards 1.0940. There is a steep bearish trend line formed on the hourly chart of EURUSD, which may act as a resistance in the short term. Today, the Euro Zone CPI will be released by the Eurostat, which is forecasted to incre...
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