EUR/USD Remains Supported Above 1.1420

Key Highlights The Euro traded towards 1.1570 and later corrected lower against the US Dollar. There was a break below a major bullish trend line with support at 1.1510 on the 4-hours chart of EUR/USD. The US CPI in Dec 2018 declined 0.1% (MoM), similar to the market forecast. The Euro Area Industrial Production for Nov 2018 will be released today, which could dec...
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EUR/USD Primed To Retest 1.1500 Resistance

Key Highlights The Euro found support near the 1.1300 level and recovered against the US Dollar. There is a major bullish trend line formed with support at 1.1385 on the 4-hours chart of EUR/USD. The US Nonfarm Payrolls in Dec 2018 increased 312K, more than the 177K forecast. Today in the US, the Factory Orders figure for Nov 2018 will be released, which is foreca...
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EUR/USD Bracing For Next Upside Break?

Key Highlights The Euro traded higher recently, but it struggled to break the 1.1490 resistance against the US Dollar. There is a major contracting triangle in place with resistance at 1.1465 on the 4-hours chart of EUR/USD. The US Pending Home Sales in Nov 2018 declined 0.7% (MoM), less than the last -2.6%. Today in the US, the Dallas Fed Manufacturing Business I...
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EUR/USD Decline Could Extend Below 1.1350

Key Highlights The Euro faced a strong barrier near 1.1480 and declined recently against the US Dollar. EUR/USD faced a strong resistance trend line at 1.1485 on the 4-hour chart. The US GDP in Q3 2018 increased 3.4%, less than the forecast of 3.5%. Today in the US, the Chicago Fed National Activity Index for Nov 2018 will be released, and it could decline from 0....
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EUR/USD Broke Key Support, More Losses Likely

Key Highlights The Euro failed to surpass the 1.1440 resistance and declined recently against the US Dollar. There was a break below a key bullish trend line with support at 1.1330 on the 4-hours chart of EUR/USD. The US Retail Sales in Nov 2018 increased 0.2% (MoM), similar to the forecast. Today, the Euro Zone CPI for Nov 2018 will be released, which is forecast...
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EUR/USD Likely Approaching Bullish Break

Key Highlights The Euro recovered recently and traded above the 1.1350 resistance against the US Dollar. There is a major bullish trend line formed with support at 1.1350 on the 4-hours chart of EUR/USD. The Chinese CPI in Nov 2018 increased 2.2% (YoY), less than the forecast of 2.4%. Today, the German Trade Balance for Oct 2018 will be released, which is forecast...
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EUR/USD Continues To Struggle Near 1.1400 Resistance

Key Highlights The Euro failed to break the 1.1400 resistance and declined against the US Dollar. There are two major bearish trend lines in place with resistance at 1.1375 and 1.1410 on the 4-hours chart of EUR/USD. The Euro Zone CPI (Prelim) for Nov 2018 increased 2% (YoY), less than the last 2.2%. Today, the Euro Zone Manufacturing PMI for Nov 2018 will be rele...
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EUR/USD Could Revisit The 1.1250 Support Area

Key Highlights The Euro failed to break the 1.1470 resistance and declined against the US Dollar. There is a major bearish trend line in place with resistance at 1.1450 on the 4-hours chart of EUR/USD. The US Manufacturing PMI for Oct 2018 (Preliminary) declined from 55.7 to 55.4. Today, the German IFO Business Climate Index for Nov 2018 will be released, which is...
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EUR/USD Facing Major Hurdle Near 1.1460

Key Highlights The Euro recovered recently and traded above the 1.1350 resistance against the US Dollar. There is a key connecting bearish trend line in place with resistance at 1.1460 on the 4-hours chart of EUR/USD. The US Industrial Production in Oct 2018 increased 0.1%, less than the +0.2% forecast. Today in the US, the NAHB Housing Market Index for Nov 2018 w...
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EUR/USD Remains At Risk of More Losses

Key Highlights The Euro recovered recently, but it failed to move above 1.1500 against the US Dollar. There was a break below a key bullish trend line with support at 1.1425 on the 4-hours chart of EUR/USD. The US Producer Price Index increased 0.6% in Oct 2018 (MoM), more than the +0.2% forecast. Today, the France ILO Unemployment Rate for Q3 2018 will be release...
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