EUR/GBP Could Resume Slide Below 0.8530

Key Highlights The Euro recovered recently, but failed to clear the 0.8650 resistance against the British Pound. A crucial bearish trend line is formed with resistance at 0.8620 on the 4-hour chart of EUR/GBP. The US Durable Goods Orders increased 0.4% in Jan 2019, better than the -0.5% forecast. The German CPI for Feb 2019 will be released today, which could incr...
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EUR/GBP Could Resume Downtrend Below 0.8700

Key Highlights The Euro struggled near 0.8840 and later declined against the British Pound. There was a break below a major bullish trend line with support at 0.8770 on the 4-hours chart of EUR/GBP. Germany’s PPI for Jan 2019 increased 0.4% (MoM), compared with the -0.2% forecast. The Euro Zone Manufacturing PMI for Feb 2019 (Preliminary) will be released today,...
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EUR/USD Upsides Remain Capped by 1.2170

Key Highlights The Euro declined this past week and tested a major support at 1.2060 against the US Dollar. There is a key bearish trend line in place with resistance at 1.2150 on the 4-hours chart of EUR/USD. The US Gross Domestic Product Annualized reading in Q1 2018 (Prelim) came in at 2.3%, compared with the forecast of 2.0%. Today, the German CPI report for A...
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Can EUR/JPY Recover Above 132.50?

Key Highlights The Euro made a major top near the 137.50 level against the Japanese Yen. There was a break below an important bullish trend line with support at 134.20 on the daily chart of EUR/JPY. The German GfK Consumer Confidence for April 2018 posted a minor rise from 10.8 to 10.9. Today, the German CPI report for March 2018 (Prelim) will be released, which i...
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EURUSD – The Big Picture For The Euro To Dollar

Key Highlights The Euro is likely to remain under a bearish pressure vs the US Dollar looking at the weekly chart. The EURUSD pair is well below the 100-week simple moving average and 1.0900, suggesting a bearish structure. Today, the Spanish House Price Index (QoQ) for Q1 2017 will be released by Spanish Government with forecast around 0.2%. Tomorrow, the German ...
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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 Remains In Downtrend Vs US Dollar

Key Highlights Euro declined heavily vs the US Dollar and continued to find offers whenever the Euro bulls attempted a recovery. There is a bearish trend line formed on the hourly chart of the EURUSD pair, which is acting as a resistance. In the Euro Zone, the Germany consumer price index will be released by the Statistiches Bundesamt Deutschland, which is forecaste...
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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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