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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EURUSD – Euro Remains In Uptrend Vs US Dollar

Key Highlights The Euro after a dip towards 1.0660 against the US Dollar found support, and recovered. This past week’s highlighted ascending channel pattern on the 4-hours chart of EURUSD is still active with support at 1.0700. The pattern may continue to act as a catalyst, and could ignite a rally towards 1.0770. Today, the Euro Zone Economic Confidence will b...
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EURJPY – Euro Looks To Extend Losses Vs Japanese Yen

Key Highlights The Euro recently failed near 122.80-123.00 against the Japanese yen, and moved down. There was a connecting bearish trend line on the 4-hours chart of EURJPY at 122.65, which acted as a resistance. The pair is also below the 100 and 200 simple moving average (H4), signaling more declines. In the Euro Zone today, the Manufacturing Purchasing Manager...
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EURUSD – Euro Continues To Struggle Near 1.0660-1.0670

Key Highlights The Euro traded higher this past week, but failed to break a major resistance area near 1.0660-1.0670. There are a couple of connecting resistance trend lines formed on the 4-hours chart of EURUSD, acting as a hurdle near 1.0660-1.0670. Today in the Euro Zone, the Italian Consumer Price Index will be released by the Istat, which is forecasted to post a...
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EURJPY – Euro Declines Below 122.00 Support Vs Japanese Yen

Key Highlights The Euro remained under selling pressure against the Japanese yen, and broke the 122.00 support area. There was a monster triangle pattern formed on the 4-hour chart of EURJPY with support at 122.00. The Japanese Current Account released by the Ministry of Finance posted a trade surplus of ¥1,415.5B, compared with the forecast of ¥1,500.0B in Nov 201...
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