GBP/USD Facing Key Resistance Near 1.2550

Key Highlights The British Pound struggled to gain momentum above 1.2550 against the US Dollar. GBP/USD is struggling to trade above a key bearish trend line near 1.2515 on the 4-hours.The Chicago Fed National Activity Index (CFNAI) increased from -0.03 to -0.02 in June 2019.The US Housing Price Index in May 2019 could rise 0.3% (MoM), less than the last +0.4%. GBPUSD Te...
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EUR/USD Remains At Risk Of More Downsides

Key Highlights The Euro failed to break the key 1.1280 resistance and declined against the US Dollar. A major bearish trend line is forming with resistance near 1.1280 on the 4-hours of EUR/USD.The Michigan Consumer Sentiment Index in July 2019 (Prelim) increased from 98.2 to 98.4.The Chicago Fed National Activity Index in June 2019 might increase from -0.05 to 0.10. EUR...
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NZDUSD – New Zealand Dollar Faces Tough Task Ahead

NZDUSD – New Zealand Dollar Faces Tough Task Ahead Key Highlights The New Zealand Dollar traded lower recently below 0.7100 against the US Dollar, and remained under a bearish pressure. There is a bearish trend line on the 4-hours chart of NZDUSD, which may act as a hurdle for the pair near 0.7060-80. There is also a strong resistance near the same levels, waiting...
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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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