EUR/GBP Analysis: Daily Chart Suggests Crucial Bullish Break

Key Highlights The Euro climbed above the 0.8700 and 0.8750 resistance levels against the British Pound. EUR/GBP surpassed a major bearish trend line with resistance near 0.8640 on the daily chart.The UK CPI increased 2.1% in April 2019 (YoY), less than the 2.2% forecast.The Euro Zone Manufacturing PMI in May 2019 (Prelim) could rise from 47.9 to 48.1. EURGBP Technical A...
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EUR/USD Turned Bearish Below 1.1280

Key Highlights The Euro started a major decline below the 1.1300 support against the US Dollar. EUR/USD traded below key bullish trend lines at 1.1340 and 1.1295 on the 4-hours chart. The US Personal Income increased 0.2% in Feb 2019 (MoM), less than the +0.3% forecast. The US ISM Manufacturing Index for March 2019 is likely to increase from 54.2 to 54.5. EURUS...
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USD/JPY Could Correct Lower In Medium Term

Key Highlights The US Dollar found a strong resistance above 112.00 and recently declined against the Japanese Yen. Two important bearish trend lines are in place near 111.60 and 112.50 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending March 16, 2019 declined from 230K to 221K. The US Manufacturing PMI for March 2019 (Preliminary) co...
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EUR/GBP Could Resume Downtrend Below 0.8700

Key Highlights The Euro struggled near 0.8840 and later declined against the British Pound. There was a break below a major bullish trend line with support at 0.8770 on the 4-hours chart of EUR/GBP. Germany’s PPI for Jan 2019 increased 0.4% (MoM), compared with the -0.2% forecast. The Euro Zone Manufacturing PMI for Feb 2019 (Preliminary) will be released today,...
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EUR/USD Continues To Struggle Near 1.1400 Resistance

Key Highlights The Euro failed to break the 1.1400 resistance and declined against the US Dollar. There are two major bearish trend lines in place with resistance at 1.1375 and 1.1410 on the 4-hours chart of EUR/USD. The Euro Zone CPI (Prelim) for Nov 2018 increased 2% (YoY), less than the last 2.2%. Today, the Euro Zone Manufacturing PMI for Nov 2018 will be rele...
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Can EUR/GBP Continue To Recover?

Key Highlights The Euro started an upside correction from the 0.8720 support against the British Pound. There is a major ascending channel formed with support at 0.8800 on the 4-hours chart of EUR/GBP. The UK CBI Industrial Trends Orders Survey declined from -1 to -6 in Oct 2018 (MoM). Today, the Euro Zone Manufacturing PMI for Oct 2018 (Preliminary) will be relea...
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EUR/USD Back to Square One, Bears In Control

Key Highlights The Euro trimmed most of its gains and declined below the 1.1650 support against the US Dollar. There was a break below a crucial bullish trend line with support at 1.1730 on the 4-hours chart of EUR/USD. The US Personal Income in August 2018 increased 0.3%, less than the forecast of +0.4% (MoM). Today, the US ISM Manufacturing Index for Sep 2018 wi...
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EUR/JPY Could Continue to Climb Towards 129.00

Key Highlights The Euro made a nice upside move and traded above the 127.00 resistance against the Japanese Yen. There was a break above a key bearish trend line with resistance at 1.2670 on the 4-hours chart of EUR/JPY. The Nikkei Manufacturing PMI for August 2018 (Prelim) increased from 52.3 to 52.5. Today, the Euro Zone Manufacturing PMI for August 2018 (Prelim...
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Can USD/CAD Hold The 1.2700 Support Zone?

Key Highlights The US Dollar struggled to settle above 1.2900 against the Canadian Dollar and declined. There is a major bearish trend line in place with resistance at 1.2860 on the 4-hours chart of USD/CAD. Canada’s Wholesale Sales in March 2018 increased 1.1% (MoM), more than the forecast of 0.6%. Today in the US, the Manufacturing PMI for May 2018 (Prelim) wi...
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EUR/USD Turned Bearish Below 1.2360

Key Highlights The Euro failed to move above 1.2420 and declined sharply against the US Dollar. There was a break below a major bullish trend line with support at 1.2365 on the 4-hours chart of EUR/USD. The Euro Zone Manufacturing PMI for April 2018 (Prelim) will be released today, which is forecasted to remain at 56.6. The US Existing Home Sales report for March ...
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