EURUSD – Sellers Eye Break and Downside Move

EURUSD – Sellers Eye Break and Downside Move Key Highlights             Euro traded higher this past week, but the upside move remains at a risk as sellers started to step in. The EURUSD pair has formed a bullish trend line on the hourly chart, which is currently providing support. Today, a low risk event, which is the Sentix Investor Confidence will be ...
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EURUSD at Make it or Break It Levels

EURUSD at Make it or Break It Levels Key Highlights             Euro managed to trade higher against the US Dollar despite all odds and approaching the last swing high. There is a major channel pattern formed on the 4-hours chart of EURUSD, which may act as a catalyst for the next move. Spanish Industrial Output will be released by the National Institute o...
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EURUSD – Euro Opens Lower Against the US Dollar

EURUSD – Euro Opens Lower Against the US Dollar Key Highlights             The Euro continued to move lower against the US Dollar and opened with a bearish tone this week. The EURUSD pair almost tested the 1.0820-00 support area where it is currently finding bids. A major support trend line on the hourly chart was broken by sellers. Chinese Caixin Chin...
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EURUSD – Can Buyers Break 1.0980?

EURUSD – Can Buyers Break 1.0980? Key Highlights             Euro moved higher against the US Dollar recently and currently moving closer to the last swing high of 1.0980. The main thing to follow during the coming sessions is whether EURUSD can clear the stated resistance area or not. There are no economic releases to keep an eye today, so the market ma...
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EURUSD – Short-term Correction Before Higher?

EURUSD – Short-term Correction Before Higher? Key Highlights             Euro gained this past week against the US Dollar and traded above the all-important 1.0880-1.0900 resistance area. Later, a short-term bullish trend line formed on the hourly chart was breached by sellers for a downside move. Today, the Italian Consumer Price Index will be released ...
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EURUSD Consolidating After Gains?

EURUSD Consolidating After Gains? Key Highlights             Euro surged higher this past week against the US Dollar, and settled above a key resistance area of 1.0800. EURUSD is currently correcting lower, which looks like a consolidation pattern before the next move. German Industrial Production will be released by the Statistisches Bundesamt Deutschland...
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EURUSD Faces an Uphill Task

EURUSD Faces an Uphill Task Key Highlights             Euro continued to decline against the US Dollar, and fell close to the 1.0550 area. There is a bearish trend line formed on the 4-hours chart, acting as a resistance for an upside move. In Japan, the Industrial Production released by the Ministry of Economy, Trade and Industry posted a decline of 1.4% ...
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EURUSD Looks Poised For New Low

EURUSD Looks Poised For New Low Key Highlights             A recovery in the EURUSD pair failed this past week, as the pair started to trade lower once again. There was a support trend line formed on the hourly chart of the EURUSD pair, which was broken to help sellers gain control. Euro Zone Manufacturing Purchasing Managers Index (PMI) will be released b...
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EURUSD – Downtrend to Resume?

EURUSD – Downtrend to Resume? Key Highlights             The Euro continued to move lower starting this week against the US Dollar and looks set for more losses. A bullish trend line formed on the hourly chart of the EURUSD pair was broken to help sellers. Japanese Gross Domestic Product released by the Cabinet Office posted a decrease of 0.8% in Q3 2015...
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EURUSD – Upside Limited, More Losses Likely

Key Highlights Euro was crushed this past week against the US Dollar as the latter one gained heavily. The US NFP report exceeded the market forecast, and registered a gain of more than 200K+ jobs. The most important point is the fact that the unemployment rate in the US dropped to 5%. Recently, the Chinese Trade Balance released by the General Administration of Custo...
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