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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EURJPY – Euro Trend Overwhelmingly Negative Vs Yen; Fed Next

EURJPY – Euro Trend Overwhelmingly Negative Vs Yen; Fed Next Key Highlights The Euro nosedived against the Japanese yen recently and formed a bearish trend. The EURJPY pair during the downside cleared a major bullish trend line on the 4-hours chart. Today, the Japanese Merchandise Trade Balance Total released by the Ministry of Finance posted a trade deficit of ¥...
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EURUSD – Euro Under Pressure As Dollar Takes Control

EURUSD – Euro Under Pressure As Dollar Takes Control Key Highlights The Euro traded lower versus the US Dollar and moved below an important support area. There was a major bullish trend line formed on the 4-hours chart of EURUSD, which was cleared by the Euro sellers recently. Today, the Euro Zone Current Account report will be released by European Central Bank, w...
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EURUSD – Can Euro Recover Moving Ahead?

EURUSD – Can Euro Recover Moving Ahead? Key Highlights             Euro managed to gain traction this past week against the US Dollar, and traded above the 1.0920 resistance area. There was a bearish trend line formed on the 4-hours chart of the EURUSD pair, which was breached recently by the bulls. Today, the German Factory orders will be released by th...
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EURGBP – British Pound Weakness To Continue?

EURGBP – British Pound Weakness To Continue? Key Highlights             Recent economic releases in the UK failed to help the British Pound and it traded lower not only against the US dollar, but also against the Euro. EURGBP traded above 0.7400-50 resistance area, which pushed the pair higher in the short term. Today, the Euro Area Industrial Production...
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