EURUSD – Euro Nosedives Vs Dollar As Market Settles Down

EURUSD – Euro Nosedives Vs Dollar As Market Settles Down Key Highlights The Euro after trading as high as 1.1299 against the US Dollar found sellers and moved down. There was a bullish trend line formed on the hourly chart of EURUSD, which was broken during the downside move at 1.1020. Today, the Chinese Retail Sales report released by the National Bureau of Stati...
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EURJPY – Can Euro Continue Higher Vs Japanese Yen?

EURJPY – Can Euro Continue Higher Vs Japanese Yen? Key Highlights The Euro recently broke a major resistance area at 115.90-116.00 against the Japanese yen. There is a bullish trend line formed on the hourly chart of EURJPY, which is acting act as a support along with 116.00. Today, the Japanese Domestic Corporate Goods Price Index released by the Bank of Japan po...
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EURUSD – Euro May Climb Further Vs US Dollar On Risk Sentiment

EURUSD – Euro May Climb Further Vs US Dollar On Risk Sentiment Key Highlights The Euro was seen trading higher this past week, and moved above the 1.1050 resistance against the US Dollar. There was a crucial bearish trend line on the 4-hours chart of EURUSD, which was broken near 1.1050 to clear the path for more gains. Today, the Euro Zone Retail Sales report wil...
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EURUSD – Euro’s Downside Thrust Before Higher Vs Dollar

EURUSD – Euro’s Downside Thrust Before Higher Vs Dollar Key Highlights The Euro recently popped higher against the US Dollar to trade above the 1.0940 resistance. There was a contracting triangle pattern formed on the hourly chart of EURUSD, which was broken near 1.0920 for an upside move. Today in the Euro Zone, the CPI reading for Oct 2016 (preliminary) will b...
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EURJPY – Euro’s Bear Run Has Come To End Vs Japanese Yen?

EURJPY – Euro’s Bear Run Has Come To End Vs Japanese Yen? Key Highlights The Euro surged higher recently after trading as low as 112.61 against the Japanese yen. The EURJPY pair traded with a positive bias this week, and broke a major bearish trend line on the 4-hours chart at 113.50. Today, the Japanese National Consumer Price Index released by the Statistics B...
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EURUSD – Euro Might Decline Further Vs USD

EURUSD – Euro Might Decline Further Vs USD Key Highlights The Euro faced a lot of selling pressure lately against the US Dollar, moving below the 1.0900 support area. There is a minor bearish trend line formed on the hourly chart of EURUSD, which may act as a resistance near 1.0880. Today, the Euro Zone Manufacturing Purchasing Managers Index (PMI) will released b...
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EURUSD – Euro Remains In A Downtrend Vs US Dollar

EURUSD – Euro Remains In A Downtrend Vs US Dollar Key Highlights The Euro faced a lot of sellers recently and declined versus the US Dollar towards 1.0940. There is a steep bearish trend line formed on the hourly chart of EURUSD, which may act as a resistance in the short term. Today, the Euro Zone CPI will be released by the Eurostat, which is forecasted to incre...
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EURJPY – Japanese Yen Remains in the Driver’s Seat Vs Euro

EURJPY – Japanese Yen Remains in the Driver's Seat Vs Euro Key Highlights The Euro declined recently below 115.00 versus the Japanese yen and remained in a downtrend. There are a couple of bearish trend lines formed on the hourly chart of EURJPY, which may act as a resistance if the pair corrects higher. The Japanese Domestic Corporate Goods Price Index released b...
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EURUSD – Euro May Attempt To Break Higher Vs Dollar

EURUSD – Euro May Attempt To Break Higher Vs Dollar Key Highlights The Euro traded higher during the past few hours versus the US Dollar, and moved above 1.1150. There is a major bearish trend line formed on the hourly chart of the EURUSD pair, which may act as a resistance on the upside. This past Friday, in the US, the nonfarm payrolls was released by the US Dep...
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EURUSD – Euro Buyers Facing Major Hurdle At 1.1250

EURUSD – Euro Buyers Facing Major Hurdle At 1.1250 Key Highlights The Euro started this week with a positive note versus the US Dollar, but faces resistance at 1.1250. There is a critical bearish trend line formed on the hourly chart of the EURUSD pair, which is preventing further gains. Today, the Euro Zone Manufacturing Purchasing Managers Index (PMI) will be re...
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