EUR/USD – Can Euro Hold This Vs US Dollar?

Key Highlights The Euro failed near the 1.1860 level this past week against the US Dollar and moved down. There are two bearish trend lines formed with resistance near 1.1850 on the 4-hours chart of EUR/USD. The US Existing Home Sales released this past Friday posted a rise of 0.7% in Sep 2017 (MoM). Today, the Euro Zone’s Consumer Confidence for Oct 2017 (Preli...
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EUR/JPY – Can Euro Move Above 124.50 Vs Japanese Yen?

Key Highlights The Euro this week struggled to break a crucial resistance near 124.60 against the Japanese Yen, and moved down. A bearish trend line at 124.60 on the 4-hours chart of EUR/JPY prevented upsides, and pushed the pair down. Today in the Euro Zone, the Consumer Confidence for June 2017 (preliminary) will be released, which is forecasted to increase from -3...
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GBPJPY – British Pound Turned Bullish Vs Japanese Yen

Key Highlights The British Pound gained bids during the past few days, and moved above 141.00 against the Japanese Yen. There was a crucial bearish trend line with resistance at 138.60 on the daily chart of GBPJPY, which was broken recently. Today in Japan, the Foreign bond investment (April 21, 2017) released by Ministry of Finance posted ¥-1,283.8B, compared with ...
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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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EURJPY – Euro’s Bear Run Has Come To End Vs Japanese Yen?

EURJPY – Euro’s Bear Run Has Come To End Vs Japanese Yen? Key Highlights The Euro surged higher recently after trading as low as 112.61 against the Japanese yen. The EURJPY pair traded with a positive bias this week, and broke a major bearish trend line on the 4-hours chart at 113.50. Today, the Japanese National Consumer Price Index released by the Statistics B...
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AUDJPY – Double Top In Making For Aussie Dollar?

AUDJPY – Double Top In Making For Aussie Dollar? Key Highlights The Aussie dollar traded higher against the Japanese yen, but facing a major resistance on the upside. There is also likely a double top pattern forming on the 4-hours chart of the AUDJPY pair. Today in Australia, the Westpac Leading Index was released by the Melbourne Institute. The market was not...
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EURJPY – 118.40/60 Is Significant Resistance For Upside

EURJPY - 118.40/60 Is Significant Resistance For Upside Key Highlights Euro after trading as low as 115.50 against the Japanese yen recovered, but found sellers near 118.40/60. There are a couple of bearish trend lines formed on the 4-hours chart of EURJPY, acting as a resistance area. Today in the Euro Zone, the Consumer Confidence will be released by the European ...
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EURGBP – Recovery Before Heading Down Once Again?

EURGBP – Recovery Before Heading Down Once Again? Key Highlights             Euro traded down against the British Pound this week, but it looks like it may recover some ground before resuming downtrend. There is a bearish trend line formed on the 4-hours chart of the EURGBP pair, which may act as a resistance area if the pair moves higher. Euro Zone Manu...
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