EUR/JPY Carving Top or Correcting Lower?

Key Highlights The Euro after a solid upside move formed a high at 136.63 against the Japanese Yen. The EUR/JPY pair moved down sharply and broke a crucial bullish trend line with support at 135.25 on the 4-hours chart. The pair must stay above 134.40 to avoid any further declines in the near term. Today’s German Trade Balance report for Nov 2017 could have a po...
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EURUSD – Euro Buyers Facing Uphill Task Vs US Dollar At 1.0620

Key Highlights The Euro recently recovered from the 1.0340 low against the US Dollar, but finding sellers near 1.0600-1.0620. There is a crucial bearish trend line on the 4-hours chart of EURUSD, which is acting as a resistance near 1.0620. Today in the Euro Zone, the German Trade Balance will be released by the Statistisches Bundesamt Deutschland, which is forecaste...
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EURUSD Bull Run Has Come to an End Ahead of DEU Trade Report

Key Highlights Euro lost most of its gains this past week and ended the week lower against the US Dollar. EURUSD broke an important support area, which suggests that sellers are in control. Today, the German Trade Balance report will be released by the Statistisches Bundesamt Deutschland, which might ignite moves in EURUSD. In Japan earlier today, the Gross Domestic P...
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