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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EUR/USD Likely To Face Hurdles Near 1.1300

Key Highlights The Euro started a decent rebound from 1.1200 against the US Dollar. EUR/USD is facing a significant resistance near 1.1300 and a bearish trend line on the 4-hours.The Euro Area Industrial Production in May 2019 increased 0.9% (MoM), better than the +0.2% market forecast.The NY Empire State Manufacturing Index in July 2019 might rise from -8.6 to 0.5. EURU...
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EUR/USD Correcting Gains, Dips Remain Supported

Key Highlights The Euro gained momentum and traded towards 1.1420 against the US Dollar. EUR/USD is correcting gains, but remains well supported above 1.1300.The US Personal Income in May 2019 increased 0.5% (MoM), more than the +0.3% forecast.The US ISM Manufacturing Index in June 2019 could decline from 52.1 to 51.0. EURUSD Technical Analysis This past week, there w...
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EUR/USD Retreats From Highs, Can It Bounce Back?

Key Highlights The Euro failed to gain momentum above 1.1350 and trimmed most gains against the US Dollar. EUR/USD traded below a connecting bullish trend line with support near 1.1280 on the 4-hours chart.The US Industrial Production in May 2019 increased 0.4% (MoM), more than the +0.2% forecast.The NY Empire State Manufacturing Index in June 2019 could decline from 17.80 ...
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EUR/USD Turned Short Term Bullish, Could Surpass 1.1350

Key Highlights The Euro started a steady rise above the 1.1250 resistance against the US Dollar. EUR/USD is currently placed above 1.1300 and it could surpass 1.1350.The US nonfarm payrolls in May 2019 came in at 75K, less than the 185K forecast.The Euro Zone Sentix Investor Confidence in June 2019 could decline from 5.3 to 1.4. EURUSD Technical Analysis This past wee...
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EUR/USD Could Move Higher Within Range

Key Highlights The Euro found support near 1.1100 after a strong decline against the US Dollar. EUR/USD traded above a major bearish trend line at 1.1165 on the 4-hours chart.On the upside, there are many hurdles near 1.1225 and 1.1260.The US Durable Goods Orders in April 2019 declined 2.1%, more than the -2.0% forecast. EURUSD Technical Analysis This past week, the E...
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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/JPY Rebound Facing Uphill Task

Key Highlights The Euro tested the 122.00 support area and corrected higher against the Japanese Yen. EUR/JPY traded above a key bearish trend line with resistance near 122.75 on the 4-hours chart.The Euro Area Consumer Confidence in May 2019 (Prelim) increased from -7.3 to -6.5.ECB’s President Draghi speech today could impact EUR/USD and EUR/JPY. EURJPY Technical Anal...
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EUR/USD Sighting Larger Recovery Above 1.1280

Key Highlights The Euro found support near 1.1175 and corrected higher against the US Dollar.A major bullish trend line is forming with support at 1.1195 on the 4-hours chart of EUR/USD.The US CPI in April 2019 increased 2.0% (YoY), less than the +2.1% forecast.Canada’s unemployment rate declined from 5.8% to 5.7% in April 2019. EURUSD Technical Analysis After tradi...
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EUR/USD Remains Vulnerable Below 1.1250

Key Highlights The Euro declined heavily, tested 1.1140, and recently bounced back against the US Dollar.A key bullish trend line is forming with support near 1.1170 on the 4-hours chart of EUR/USD.The US Nonfarm Payrolls increased 263K in April 2019, better than the 185K forecast.The Euro Zone Services PMI in April 2019 is likely to remain stable at 52.5. EURUSD Technic...
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