EUR/USD in Slow and Steady Uptrend

Key Highlights The Euro found a strong support near 1.1580 and recovered against the US Dollar. There is a key bullish trend line in place with support at 1.1600 on the 4-hours chart of EUR/USD. The pair is placed nicely above the 1.1650 support and the 100 SMA (red, 4-hour). The US Existing Home Sales for June 2018 will be released today, which is forecasted to i...
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EUR/JPY Likely Formed Short-term Top

Key Highlights The Euro found a strong selling interest near 132.00 and declined against the Japanese Yen. There was a break below a major bullish trend line with support at 131.80 on the 4-hours chart of EUR/JPY. The Euro Zone CPI increased 0.1% in June 2018 (MoM), less than the last +0.5%. Today in the UK, the Retail Sales figure for June 2018 will be released, ...
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EUR/USD Dips Remain Supported Near 1.1620

Key Highlights The Euro corrected lower this past week and tested the 1.1610 support against the US Dollar. There is a key bullish trend line formed with support at 1.1620 on the 4-hours chart of EUR/USD. On the upside, resistances are seen near 1.1720, 1.1740 and 1.1750. Today in the US, the Retail Sales figure for June 2018 will be released, which is forecasted ...
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EUR/USD Could Accelerate Gains Above 1.1750

Key Highlights The Euro traded higher recently and moved above the 1.1680 resistance against the US Dollar. There is a major bullish trend line formed with support at 1.1715 on the 4-hours chart of EUR/USD. The US NFP figure in June 2018 posted 213K, more than the forecast of 195K. Today in the US, the Consumer Credit Change in May 2018 will be released, which is ...
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EUR/GBP Holding Crucial Support Near 0.8800

Key Highlights The Euro corrected lower after trading as high as 0.8890 against the British Pound. There is a major bullish trend line in place with support at 0.8800 on the 4-hours chart of EUR/GBP. The Euro Zone Services PMI in June 2018 increased from the last reading of 55.0 to 55.2. Today in the US, the Services PMI for June 2018 will be released, which is fo...
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EUR/USD Trading In Bullish Zone Above 1.1600

Key Highlights The Euro formed a solid support above 1.1510 and bounced back against the US Dollar. There was a break above a connecting bearish trend line with resistance at 1.1650 on the 4-hours chart of EUR/USD. The Euro Zone CPI in June 2018 increased 2% (YoY), more than the last reading of +1.9%. Today in the US, the ISM Manufacturing PMI for June 2018 will b...
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EUR/USD is Likely Forming Double Bottom at 1.1510

Key Highlights The Euro declined and retested the last swing low of 1.1505-10 against the US Dollar. There is a connecting bearish trend line in place with resistance at 1.1700 on the 4-hours chart of EUR/USD. The US Services Purchasing Managers Index (PMI) (Prelim) in June 2018 declined from 56.8 to 56.5. Today in the US, the New Home Sales Change for May 2018 wi...
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Can EUR/USD Hold The 1.1500 Support?

Key Highlights The Euro failed to move above the 1.1850 resistance and declined sharply against the US Dollar. There was a break below two key bullish trend lines with support near 1.1760 and 1.1700 on the 4-hours chart of EUR/USD. The Euro Zone CPI in May 2018 increased 0.5% (MoM), like the forecast. Today in the US, the NAHB Housing Market for June 2018 will be ...
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EUR/USD Eyeing Further Gains Above 1.1840

Key Highlights The Euro moved higher this past week and recovered above 1.1700 against the US Dollar. There is a major bullish trend line formed with support at 1.1720 on the 4-hours chart of EUR/USD. The pair must move above the 1.1840 barrier for more gains in the near term. Recently in China, the CPI for May 2018 increased 1.8%, similar to the forecast (YoY). ...
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EUR/GBP Upsides Remain Capped Near 0.8800

Key Highlights The Euro remained confined in a broad range below the 0.8800 resistance against the British Pound. There is a major bearish trend line in place with resistance near 0.8800 on the 4-hours chart of EUR/GBP. On the downside, supports are seen near the 0.8720 and 0.8700 levels. Today in the Euro Zone, the GDP report for Q1 2018 will be released, which i...
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