EUR/USD Showing Bearish Signs Below 1.1050

Key Highlights The Euro started a fresh decline from the 1.1175 resistance against the US Dollar.EUR/USD traded below a crucial bullish trend line at 1.1110 on the 4-hours chart.GBP/USD also declined and broke the key 1.2800 support area.UK’s GDP is likely to grow 0.3% in Q3 2019 (Preliminary) (QoQ). EUR/USD Technical Analysis The Euro faced a strong resistance near...
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EUR/JPY Could Rally If It Breaks 121.50

Key Highlights EUR/JPY is trading in a positive zone above the 120.00 support.The pair is facing a strong resistance near 121.50 on the 4-hours chart.The Euro Zone Services PMI in Oct 2019 increased from 51.8 to 52.2.The BoE Interest Rate Decision is scheduled today (forecast – no change in rates from 0.75%). EUR/JPY Technical Analysis The Euro settled nicely above ...
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EUR/USD Signaling Bullish Continuation

Key Highlights The Euro started a fresh increase from the 1.1075 support against the US Dollar.EUR/USD surpassed a key bearish trend line at 1.1135 on the 4-hours chart.The US Nonfarm Payrolls increased 128K in Oct 2019, better than the 89K forecast.The Euro Zone Manufacturing PMI is likely to remain at 45.7 in Oct 2019. EUR/USD Technical Analysis This past week, the ...
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EUR/USD In Corrective Decrease, 1.1050 Holds Key

Key Highlights The Euro started a downside correction below the 1.1100 support against the US Dollar.EUR/USD traded below a key bullish trend line with support near 1.1095 on the 4-hours chart.GBP/USD also started a downside correction after trading as high as 1.3012.Chicago’s Fed Manufacturing Business Index could decline from 1.5 to 1.4 in Oct 2019. EUR/USD Technical...
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EUR/USD Primed For More Gains, GBP/USD Skyrockets

Key Highlights EUR/USD surged above the key 1.1080 and 1.1150 resistance levels.GBP/USD rallied towards the main 1.3000 resistance area.China’s GDP grew 6% in Q3 2019 (YoY) (lowest level since 1992).The German PPI could decline 0.1% in Sep 2019 (MoM), less than the last -0.5%. EUR/USD Technical Analysis This past week, the Euro saw a sharp rise after it broke the ke...
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EUR/GBP Accelerating Losses, UK & Euro Zone CPI Reports Next

Key Highlights EUR/GBP declined heavily below the 0.8880 and 0.8800 support levels. The next key support is near the 0.8640 and 0.8620 levels.The Euro Zone CPI could rise 0.9% in Sep 2019 (YoY), similar to the last reading.UK’s CPI might increase 1.8% in Sep 2019 (YoY), more than the last +1.7%. EUR/GBP Technical Analysis This past week, there was a sharp rise in GB...
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EUR/USD Could Struggle To Rebound Above 1.1020

Key Highlights The Euro started an upside correction from the 1.0879 low against the US Dollar. EUR/USD managed to surpass a bearish trend line at 1.0965 on the 4-hours chart.The US nonfarm payrolls increased 136K in Sep 2019, less than the market forecast of 145K.The US unemployment rate declined to 3.5%, lowest since December 1969. EUR/USD Technical Analysis The Eur...
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EUR/USD Remains In Downtrend Below 1.1000

Key Highlights The Euro extended its decline below the 1.0950 support against the US Dollar. A crucial bearish trend line is forming with resistance near 1.1010 on the 4-hours chart of EUR/USD.The Caixin China Manufacturing PMI increased from 50.4 to 51.4 in Sep 2019.The UK GDP in Q2 2019 could grow 0.5% (QoQ), improved from the last -0.2%. EUR/USD Technical Analysis ...
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EUR/USD Consolidating Below Key Resistances

Key Highlights The Euro seems to be struggling near 1.1070 and 1.1080 against the US Dollar. A crucial bearish trend line is forming near 1.1080 on the 4-hours chart of EUR/USD.GBP/USD is trading with a positive bias above the 1.2350 and 1.2400 supports.The US Manufacturing PMI is likely to remain stable near 50.3 in Sep 2019 (Preliminary). EUR/USD Technical Analysis ...
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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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