EURUSD – Euro Struggle Continues, Opens Bearish In 2017

EURUSD – Euro Struggle Continues, Opens Bearish In 2017 Key Highlights The Euro after trading as high as 1.0652 against the US Dollar declined sharply. The EURUSD pair broke a major bullish trend line at 1.0510 formed on the hourly chart. It looks like the pair opened the New Year with a bearish bias, and may decline further. Today, the Germany consumer price i...
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EURUSD – Euro Back Higher, Testing Resistance Vs Dollar

EURUSD – Euro Back Higher, Testing Resistance Vs Dollar Key Highlights The Euro after trading as low as 1.0372 against the US Dollar started a recovery. The EURUSD pair is trading with a positive bias, and settled above the 100 hourly simple moving average. The pair is now approaching a resistance area near 1.0460-80. Today, the US Initial Jobless Claims will b...
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EURJPY – Euro Sighting Gains Vs Japanese Yen Towards 124.00

Key Highlights The Euro moved higher against the Japanese yen after testing the 121.50-60 support. The EURJPY pair recovered, and broke a couple of bearish trend line on the 4-hours chart at 122.50 and 122.65 for further gains. Today, the German GfK Consumer Confidence will be released, which is forecasted to remain at 9.8 in Jan 2016. Any above the forecast readi...
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EURUSD – Euro’s Recovery Attempt Could Fail Soon Vs Dollar

EURUSD – Euro’s Recovery Attempt Could Fail Soon Vs Dollar Key Highlights The Euro fell sharply this past week against the US Dollar, and traded as low as 1.0366. There was an important support at 1.0520-00, which was broken by EURUSD to open the doors for more declines. In China today, the hosing price index, released by the National Bureau of Statistics posted...
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EURUSD – Can Euro Continue to Hold 1.0500 Support?

EURUSD – Can Euro Continue to Hold 1.0500 Support? Key Highlights The Euro found support on the downside around 1.0500 on 3-4 occasions against the US Dollar. The daily chart of the EURUSD pair clearly suggests that the highlighted support is very important for EURUSD. Today in China, Industrial output released by the National Bureau of Statistics of China posted ...
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EURGBP – Euro Weakness Short-lived Post Italy Rejected Reforms

EURGBP – Euro Weakness Short-lived Post Italy Rejected Reforms Key Highlights The Euro was under a lot of pressure against the US Dollar and the British Pound due to fact that Italy voted to discard the constitutional reforms in the referendum. However, the downsides in EURUSD and EURGBP were short-lived, as pairs managed to bounce back sharply. The Euro may remai...
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EURUSD – Euro At Risk of Further Declines Vs Dollar

EURUSD – Euro At Risk of Further Declines Vs Dollar Key Highlights The Euro declined this past week against the US Dollar due to a strong NFP figure in the US. There was a crucial bullish trend line formed on the hourly chart of EURUSD, which was broken at 1.0600 for more downsides. The US nonfarm payrolls released by the US Department of Labor this past Friday po...
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EURUSD – Can Euro Buyers Clear This Resistance Vs Dollar?

EURUSD – Can Euro Buyers Clear This Resistance Vs Dollar? Key Highlights The Euro managed to recover from the 1.0520 swing low against the US Dollar, and currently correcting higher. There is a flag pattern formed on the 4-hours chart of EURUSD, which is holding the current trend in the Euro. There is a major resistance area at 1.0650 and 1.0675, which must be bro...
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EURJPY – Euro Trend Overwhelmingly Positive Vs Japanese Yen

EURJPY - Euro Trend Overwhelmingly Positive Vs Japanese Yen Key Highlights The Japanese yen decline against most major currencies, including the Euro continued this week, as EURJPY traded above 118.00. There is a crucial bullish trend line formed on the 4-hours chart of EURJPY, acting as monster support for the current bullish trend. Today, the Tokyo Consumer Price ...
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EURUSD – Euro Remain at Risk of Further Declines

EURUSD – Euro Remain at Risk of Further Declines Key Highlights The Euro continued to face sellers against the US Dollar, as EURUSD declined below 1.0650. There was a crucial break noted for the EURUSD pair on the 4-hours chart, suggesting more losses. Today, the US will witness the release of the Chicago Fed National Activity Index (CFNAI). Earlier today, the ...
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