EURGBP – Euro at Clear Risk of Further Declines

Key Highlights EURGBP pair continues to correct lower from recent high of 0.7418 just shy of the key barrier at 0.7420. Nothing eventful in Euroland data wise today, which means action might be sentiment based. Earlier today in Australia, the RBA reduced interest rates from 2.25% to 2% as forecasted. RBA Interest Rate Decision Today, there was a monster release in...
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Euro Looks to Break Higher Against Yen

Key Highlights Euro is following a nice bullish trend against the Japanese yen, and looks set to trade higher moving ahead. EURJPY has a major support formed at 129.10-20, which is likely to act as a barrier for sellers. Today, the Japanese Retail Trade report was released by the Ministry of Economy, Trade and Industry, which posted a decline of 9.7% in March 2015, comp...
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EURUSD – 1.0760 is a Pivot Zone

Key Highlights Euro surged higher recently against the US dollar, but the EURUSD pair was contained around 1.0840 by sellers. EURUSD has a major pivot area around 1.0750-60 area where buyers might take a stand to protect more losses in the near term. Today, the German business sentiment index will be released by the CESifo Group, which is expected to increase from 107.9...
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EURJPY Channel Break Near?

Key Highlights Euro traded higher recently against the Japanese yen, but failed to overtake a major resistance at 128.50-70. EURJPY has formed a sliding channel, which if breached might ignite moves in the short term. German Economic Sentiment will be published by the ZEW today, which is forecasted to increase from 54.8 to 55.5. Technical Analysis The Euro surged ...
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Can EURUSD Capitalize Moving Ahead?

Key Highlights Euro rocketed higher against the US dollar during the past sessions, as the latter one weakened across the board. EURUSD upside was stalled around the 1.0700 level, and currently moving lower. Today, the German consumer price index will be released by the Statistiches Bundesamt Deutschland, which is expected to increase by 0.5% in March 2015. Technical...
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EURGBP at Make it or Break Levels

Key Highlights Euro’s slide against the British pound gained pace as sellers managed to take it lower. EURGBP tested the 0.7200 support area where buyers just managed to protect the downside. Today, in the Euro zone the Portugal Consumer Price Index was released by Statistics Portugal, which posted a rise of 1.9% in March 2015, compared to the preceding month. Tech...
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EURGBP Might Struggle To Trade Higher

Key Highlights Euro traded higher against the British pound, but struggled to clear a major hurdle at 0.7350. EURGBP market sentiment looks bullish, but it is facing an important resistance which is stalling upside in the near term. Germany Factory orders will be released by the Deutsche Bundesbank, which is expected to increase by 1.5% in February 2015, compared to the...
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Euro Nosedives Ahead of German Unemployment Report

Key Highlights Euro traded lower against the US dollar and a few other currencies, as sellers managed to gain momentum. German Unemployment Change report will be published by the German Statistics Office today, which is expected to post a decrease of -12K in March 2015. EURUSD nosedived and breached the 1.0800 support area during the Asian session. Technical Analysis...
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EURUSD Dips Remain Attractive To Buyers

Key Highlights Euro traded higher against the US dollar and breached a crucial resistance at 1.0950. EURUSD is currently consolidating and looks set for a making a move ahead. Today, the German GfK Consumer Confidence i.e. a leading index that measures the level of consumer confidence in economic activity will be released and expected to gain from 9.7 to 9.8. Technic...
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EU Facing Uphill Task, EUR Moves Lower Against USD And GBP

Key Highlights Euro continued to move lower against the US dollar and the British pound as sellers gain control. In the UK, the Rightmove House Price was released, which posted an increase of 1% in March 2015. EURGBP found support around the 0.7000 handle recently, but facing an important resistance on the upside. UK Rightmove House Price Earlier today, the UK Rig...
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