Can EUR/USD Buyers Keep The Recovery Going?

Key Highlights The Euro started a solid rebound and traded above 1.1300 against the US Dollar. EUR/USD broke two bearish trend lines near 1.1280 on the 4-hours chart. The US Industrial Production increased 0.1% in Feb 2019 (MoM), less than the +0.4% forecast. The Euro Zone Trade Balance for Jan 2019 will be released today, which could post a surplus of €13.2B, d...
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USD/JPY Remains Well Supported On Dips

Key Highlights The US Dollar found support near 110.75 and rebounded against the Japanese Yen. A major bullish trend line is formed with support at 111.15 on the 4-hour chart of USD/JPY. The US Initial Jobless Claims for the week ending March 19, 2019 increased from 223K o 229K. The US Industrial Production report for Feb 2019 will be released today, which may ris...
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EUR/USD Trend Overwhelmingly Bearish Below 1.1350

Key Highlights The Euro declined heavily and broke the 1.1400 and 1.1350 supports against the US Dollar. There is a major bearish trend line formed with resistance at 1.1320 on the 4-hours chart of EUR/USD. The US Industrial Production in Jan 2019 declined 0.6% (MoM), whereas the forecast was +0.1%. The UK Rightmove House Price Index for Feb 2019 will be released ...
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USD/JPY Correction Approaching Crucial Support

Key Highlights The US Dollar failed to stay above 111.00 and declined sharply against the Japanese Yen. There is a connecting bullish trend line formed with support at 110.30 on the 4-hours chart of USD/JPY. The US Retail Sales in Jan 2019 declined 1.2% (MoM), whereas the forecast was +0.2%. The US Industrial Production for Jan 2019 will be released today, which c...
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USD/JPY Could Gain Bullish Momentum Above 109.50

Key Highlights The US Dollar traded higher and broke the 108.00 resistance against the Japanese Yen. There was a break above a major bearish trend line with resistance at 108.40 on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 12, 2019 declined from 216K to 213K. The US Industrial Production for Dec 2018 will be released today...
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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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USD/JPY Approaching Crucial Support Near 113.00

Key Highlights The US Dollar formed a short term top at 114.20 and declined recently against the Japanese Yen. There was a break below a major ascending channel with support at 113.65 on the 4-hours chart of USD/JPY. The US Retail Sales in Oct 2018 increased 0.8%, more than the +0.5% forecast. Today, the US Industrial Production for Oct 2018 will be released, whic...
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USD/CAD At Risk of More Declines Below 1.2920

Key Highlights The US Dollar failed to break the 1.3070 resistance and declined against the Canadian Dollar. USD/CAD broke a major bullish trend line with support at 1.3010 on the 4-hours chart. The US Industrial Production in Sep 2018 increased 0.3%, similar to the forecast. Today, the Euro Zone CPI for Sep 2018 will be released, which is forecasted to increase 2...
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GBP/USD Holding Gains Above Crucial Support

Key Highlights The British Pound declined recently and tested the 1.3080-1.3100 support against the US Dollar. GBP/USD tested a connecting bullish trend line with support at 1.3100 on the 4-hours chart. The US Retail Sales in Sep 2018 increased 0.1%, less than the +0.5% forecast. Today, the US Industrial Production for Sep 2018 will be released, which is forecaste...
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Can GBP/USD Break The 1.3400 Resistance?

Key Highlights The British Pound traded higher recently and broke the 1.3260 resistance against the US Dollar. There is a crucial bullish trend line formed with support at 1.3220 on the 4-hours chart of GBP/USD. China’s CPI in June 2018 posted an increase of 1.9% (YoY) similar to the forecast. Today in the UK, the Manufacturing Production for May 2018 will be re...
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