EURUSD – Euro Remains In Uptrend Vs US Dollar

Key Highlights The Euro remained in a nice ascending structure with support near 1.0750 against the US Dollar. There are many bullish trend lines with support at 1.0800 and 1.0770 formed on the 4-hours chart of EURUSD. Today in the Euro Zone, the German business sentiment index for March 2017 will be released by the CESifo Group, which is forecasted to remain stable ...
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EURJPY – Euro’s Weakness Is Here To Stay Vs Japanese Yen

Key Highlights The Euro made a downside move recently against the Japanese yen, and traded below the 121.00 support level. The EURJPY pair also broke two bullish trend lines with support at 121.30 and 120.60 on the 4-hours chart. Today in Japan, the Nikkei Manufacturing PMI for March 2017 (preliminary reading) posted a decline from 53.3 to 52.6. Today, the Euro Zo...
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EURUSD – Euro Positioning Well For More Gains Vs Dollar

Key Highlights The Euro remained above the 1.0700 support area against the US Dollar, and now looking for more gains. There are a couple of bullish trend lines with support at 1.0710 and 1.0620 formed on the 4-hours chart of EURUSD. Later today, the German Producer Price Index for Feb 2017 will be released by the Statistisches Bundesamt Deutschland with forecast as +...
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EURUSD – The Big Picture For The Euro To Dollar

Key Highlights The Euro is likely to remain under a bearish pressure vs the US Dollar looking at the weekly chart. The EURUSD pair is well below the 100-week simple moving average and 1.0900, suggesting a bearish structure. Today, the Spanish House Price Index (QoQ) for Q1 2017 will be released by Spanish Government with forecast around 0.2%. Tomorrow, the German ...
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EURUSD – Euro Looking To Extend Gains Against US Dollar

Key Highlights The Euro managed to recover well from the 1.0493 level against the US Dollar. The EURUSD pair is currently attempting to break a bearish trend line at 1.0620 on the 4-hours chart. Today in the Euro Zone, the Sentix investor Confidence Index for Mar 2017 will be released, which is forecasted to decrease from 17.4 to 16.00. In Australia, the Retail Sa...
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EURJPY – Is This The Push Euro Needed Vs Japanese Yen?

Key Highlights The Euro made a nice upside move against the Japanese yen recently and broke the 119.80 resistance. The EURJPY pair also broke a couple of bearish trend lines near 119.80 and 120.00 on the 4-hours chart. In Japan, the National Consumer Price Index for Jan 2017 (YoY) released by the Statistics Bureau posted a rise of 0.4%, same as the forecast. The J...
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EURUSD – Euro Poised for Declines Vs US Dollar

Key Highlights The Euro failed once again to settle above 1.0600 against the US Dollar, and remains at a risk. There are two bearish trend lines with resistances at 1.0600 and 1.0640 on the 4-hours chart of EURUSD, acting as a hurdle. Today, the Euro Zone Consumer Confidence for Feb 2017 will be released by the European Commission, which is forecasted to remain at -6...
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EURUSD – Correction Likely Over In Euro To Dollar

Key Highlights The Euro after a downside move towards 1.0520 against the US Dollar started correcting higher. The EURUSD pair broke a bearish trend line (4-hours chart) on the way up and traded as high as 1.0675. Today in the Euro Zone, the German Producer Price Index will be released for Jan 2017 by the Statistisches Bundesamt Deutschland, and the forecast is lined ...
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EURUSD – Euro Back In Bearish Zone Vs US Dollar

Key Highlights The Euro after trading as high as 1.0828 against the US Dollar this past week found resistance. The EURUSD pair moved down, and broke a major bullish trend line at 1.0700 on the 4-hours chart. The Import Price Index released by the US Department of Labor in the US posted an increase of 0.4% in Jan 2017, more than the 0.2% forecast. The US Export Pri...
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EURUSD – Euro Continues To Gain Momentum Vs Dollar

Key Highlights Euro remained supported against the US Dollar, and formed a nice bullish trend. This past week’s highlighted ascending channel is still active on the 4-hours chart of EURUSD with support at 1.0720. The pair may eye further gains as long as it is above the 1.0700 handle. Today in the Euro Zone, the Sentix Investor Confidence Index will be released,...
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