EUR/GBP Remains At Risk Of More Declines

Key Highlights The Euro started a significant decline below the 0.9000 support against the British Pound. EUR/GBP could face resistance near 0.8900 and a bearish trend line on the 4-hours chart.The Euro Zone CPI increased 0.1% in August 2019 (MoM), less than the +0.2% forecast.The UK Retail Sales might increase 2.9% in August 2019 (YoY), less than the last +3.3%. EUR/GBP...
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EUR/USD Primed To Continue Higher Post Double Bottom

Key Highlights The Euro started a strong rise from the 1.0925 support against the US Dollar. EUR/USD is facing resistance near 1.1100 and a bearish trend line on the 4-hours chart.China’s Retail Sales increased 7.5% in August 2019 (YoY), less than the last 7.6%.The NY Empire State Manufacturing Index could decline from 4.80 to 4.55 in Sep 2019. EUR/USD Technical Analys...
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EUR/USD Rebound Facing Resistance Near 1.1100

Key Highlights The Euro started an upside correction from the 1.0925 low against the US Dollar. EUR/USD is facing resistance near 1.1080 and a bearish trend line on the 4-hours chart.The US Nonfarm Payrolls increased 130K in August 2019, less than the 158K market forecast.The UK Industrial production could decline 0.1% in July 2019 (MoM), similar to the last month. EUR/U...
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EUR/USD Tumbles To New 2-Year Low, More Downsides Ahead

Key Highlights The Euro extended its decline and traded below 1.1000 against the US Dollar. EUR/USD might correct higher, but most likely to struggle near 1.1020 and 1.1050.The Caixin China Manufacturing PMI increased from 49.9 to 50.4 in August 2019.The Euro Zone Manufacturing PMI is likely to remain flat near 47.0 in August 2019. EUR/USD Technical Analysis This pas...
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EUR/USD Likely To Struggle Near 1.1200

Key Highlights The Euro started an upside correction from the 1.1051 low against the US Dollar. EUR/USD could face resistance near 1.1200 and a bearish trend line on the 4-hours chart.The US New Home Sales declined 12.8% in July 2019 (MoM), whereas the forecast was -0.2%.The German IFO Business Climate Index could drop from 95.7 to 95.1 in August 2019. EUR/USD Technical ...
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EUR/USD Targets Fresh 2019 Low Below 1.1000

Key Highlights The Euro failed to settle above 1.1200 and declined below 1.1150 against the US Dollar. A crucial bearish trend line is forming with resistance near 1.1210 on the 4-hours chart.The US Building Permits in July 2019 jumped 8.4%, more than the 5.6% forecast.The Euro Zone CPI in July 2019 might decline 0.4% (MoM), down from the last +0.2%. EUR/USD Technical A...
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EUR/USD Showing Positive Signs Above 1.1150

Key Highlights The Euro recovered nicely after testing the 1.1025 support area against the US Dollar. EUR/USD is facing resistance near 1.1240 and a bearish trend line on the 4-hours chart.China’s CPI in July 2019 increased 2.8% (YoY), more than the 2.7% forecast.GBP/USD is under a lot of pressure and recently declined to a new multi-year low below 1.2050. EUR/USD Tech...
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EUR/USD Recovery Facing Many Key Hurdles

Key Highlights The Euro started an upside correction from the 1.1027 swing low against the US Dollar. A major bearish trend line is forming with resistance near 1.1135 on the 4-hours chart of EUR/USD.The US nonfarm payrolls in July came in at 164K, down from the last revised 193K.The US ISM Non-Manufacturing Index in July 2019 could increase from 55.1 to 55.5. EURUSD Tec...
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EUR/GBP Correcting Recent Rally, Fed Cuts Interest Rates

Key Highlights The Euro surged higher this week and broke the 0.9150 resistance against the British Pound. EUR/GBP broke a crucial bearish trend line at 0.8970 on the 4-hours chart to start uptrend.The Euro Area GDP grew 1.1% in Q2 2019 (Prelim) (YoY), more than the 1.0% forecast.The Fed lowered interest rates from 2.50% to 2.25%, in line with the market forecast.The BoE In...
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EUR/USD Remains In Significant Downtrend

Key Highlights The Euro failed to hold the 1.1200 support and declined heavily against the US Dollar. A major bearish trend line is forming with resistance near 1.1215 on the 4-hours chart of EUR/USD.The US Gross Domestic Product grew 2.1% in Q2 2019 (Prelim), more than the 1.8% forecast.The Spanish CPI in July 2019 (Prelim) could increase 0.4% (YoY), similar to the last ch...
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