EUR/USD Resumes Downtrend, 1.0950 Next?

Key Highlights EUR/USD failed to climb above the 1.1100 resistance and resumed its downward move.There was a break below a consolidation pattern with support at 1.1055 on the 4-hours chart.The US Manufacturing PMI climbed higher from 51.3 to 52.2 in Nov 2019 (Prelim).The German IFO Business Climate Index is likely to rise from 94.6 to 95.0 in Nov 2019. EUR/USD Technical ...
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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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