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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EUR/USD Rebound Could Be Capped, US GDP Impresses

Key Highlights The Euro declined to a new monthly low at 1.1110 and later recovered against the US Dollar.A crucial bearish trend line is in place with resistance at 1.1190 on the 4-hours chart of EUR/USD.The US GDP in Q1 2019 (Prelim) increased 3.2%, more than the 2.0% forecast.The Euro Zone Business Climate Index in April 2019 could decline from 0.53 to 0.50. EURUSD Te...
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EUR/GBP Remains Supported On Dips Above 0.8600

Key Highlights The Euro struggled to break the 0.8680 resistance against the British Pound.EUR/GBP recently traded below a bullish trend line at 0.8660 on the 4-hours chart.The German IFO Business Climate Index declined to 99.2 in April 2019 from 99.6.The US Durable Goods Orders in March 2019 could increase 0.8%, whereas the last was -1.6%. EURGBP Technical Analysis T...
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EUR/USD Showing Signs of Weakness Below 1.1300

Key Highlights The Euro failed to break the 1.1325 resistance and declined sharply against the US Dollar.EUR/USD traded below a crucial bullish trend line with support at 1.1290 on the 4-hours chart.The US Housing Starts in March 2019 decreased 0.3% (MoM), whereas the forecast was +6.5%.The US Existing Home Sales in March 2019 could dip 2.3% (MoM), whereas the last was +11....
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EUR/USD Remains At Risk Of More Losses

Key Highlights The Euro declined this past week and broke the 1.1250 support against the US Dollar.EUR/USD is following a bearish trend line with resistance at 1.1235 on the 4-hours chart.The US Nonfarm Payrolls in March 2019 increased 196K, better than the 180K forecast.The US Factory Orders in Feb 2019 might decline around 0.6% (MoM). EURUSD Technical Analysis The E...
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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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EUR/USD Could Extend Losses Before Fresh Increase

Key Highlights The Euro faced a strong resistance near 1.1450 and later corrected lower against the US Dollar. EUR/USD traded below a major bullish trend line with support at 1.1365 on the 4-hours chart. The US Manufacturing PMI for March 2019 (Prelim) declined from 53.0 to 52.5. The German IFO Business Climate Index for March 2019 could rise from 98.5 to 98.7. ...
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