EUR/USD Upsides Remain Capped by 1.2170

Key Highlights The Euro declined this past week and tested a major support at 1.2060 against the US Dollar. There is a key bearish trend line in place with resistance at 1.2150 on the 4-hours chart of EUR/USD. The US Gross Domestic Product Annualized reading in Q1 2018 (Prelim) came in at 2.3%, compared with the forecast of 2.0%. Today, the German CPI report for A...
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EUR/JPY Downsides Remain Supported Above 132.60

Key Highlights The Euro remains in a crucial uptrend and is positioned well above 132.00 against the Japanese Yen. There is an important bullish trend line formed with support at 132.60 on the 4-hours chart of EUR/JPY. The pair may correct in the short term, but it remains supported around 132.75 and 132.60. Today, the ECB interest rate decision is lined up, and t...
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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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Can EUR/GBP Hold Gains Above 0.8680?

Key Highlights The Euro started a nice upside move from the 0.8620 low against the British Pound. The EUR/GBP pair is attempting an upside break above a crucial bearish trend line at 0.8695 on the 4-hours chart. The UK CPI in March 2018 increased 2.5% (YoY), less than the forecast of +2.7%. Today, the UK Retail Sales report for March 2018 will be released, which i...
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Can EUR/USD Hold 1.2325 Support?

Key Highlights The Euro declined this past week and tested the 1.2300 support zone against the US Dollar. There is a key bullish trend line forming with support at 1.2325 on the 4-hours chart of EUR/USD. The Euro Zone Trade Balance in Feb 2018 posted a trade surplus of €21.0B, better than the forecast of €20.2B. Today, the US Retail Sales for March 2018 will b...
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EUR/JPY: Downsides Remain Limited Below 131.50

Key Highlights The Euro is trading in a positive zone above the 131.50 pivot level against the Japanese Yen. There is a crucial bullish trend line forming with support at 131.60 on the 4-hours chart of EUR/JPY. The US Consumer Price Index in March 2018 increased 2.4% (YoY), more than the last +2.2%. Today, the ECB Monetary Policy Meeting Account will be released, ...
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Can EUR/USD Recover Post Disappointing US NFP?

Key Highlights The Euro formed a decent support above the 1.2200 level against the US Dollar. The EUR/USD pair attempted a close above a bearish trend line with resistance at 1.2270 on the 4-hours chart. The US Nonfarm Payrolls for March 2018 posted 103K, less than the forecast of 193K. Today, the German Trade Balance for Feb 2018 will be released, which is foreca...
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EUR/GBP Could Resume its Downtrend?

Key Highlights The Euro faced a lot of selling interest near 0.8780-90 against the British Pound and declined. There are two crucial bearish trend lines forming with resistance near 0.8770 on the 4-hours chart of EUR/GBP. The UK Manufacturing PMI in March 2018 increased from the last revised reading of 55.0 to 55.1. Today, the Euro Zone CPI report for March 2018 (...
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EUR/USD Holding Crucial Support Near 1.2280

Key Highlights The Euro traded lower recently towards an important support at 1.2280 against the US Dollar. There is a major bullish trend line forming with support at 1.2285 on the 4-hours chart of EUR/USD. The pair must hold the stated 1.2280 support to start a fresh upward wave. Today, the US Manufacturing PMI for March 2018 will be released, which is forecaste...
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Can EUR/JPY Recover Above 132.50?

Key Highlights The Euro made a major top near the 137.50 level against the Japanese Yen. There was a break below an important bullish trend line with support at 134.20 on the daily chart of EUR/JPY. The German GfK Consumer Confidence for April 2018 posted a minor rise from 10.8 to 10.9. Today, the German CPI report for March 2018 (Prelim) will be released, which i...
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