EUR/USD Could Struggle To Rebound Above 1.1020

Key Highlights The Euro started an upside correction from the 1.0879 low against the US Dollar. EUR/USD managed to surpass a bearish trend line at 1.0965 on the 4-hours chart.The US nonfarm payrolls increased 136K in Sep 2019, less than the market forecast of 145K.The US unemployment rate declined to 3.5%, lowest since December 1969. EUR/USD Technical Analysis The Eur...
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USD/JPY Could Extend Losses, US NFP Next

Key Highlights The US Dollar started a fresh decline from the 108.50 resistance against the Japanese Yen. USD/JPY traded below a bullish trend line with support near 107.45 on the 4-hours chart.The US ISM Non-Manufacturing Index declined sharply from 56.4 to 52.6 in Sep 2019.The US nonfarm payrolls could increase 145K in Sep 2019, better than the last 130K. USD/JPY Techn...
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EUR/USD Rebound Facing Resistance Near 1.1100

Key Highlights The Euro started an upside correction from the 1.0925 low against the US Dollar. EUR/USD is facing resistance near 1.1080 and a bearish trend line on the 4-hours chart.The US Nonfarm Payrolls increased 130K in August 2019, less than the 158K market forecast.The UK Industrial production could decline 0.1% in July 2019 (MoM), similar to the last month. EUR/U...
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USD/JPY Gaining Bullish Momentum, US NFP Report Next

Key Highlights The US Dollar gained momentum above the 106.80 resistance against the Japanese Yen. USD/JPY broke a crucial bearish trend line with resistance near 106.50 on the 4-hours chart.The US ISM Non-Manufacturing PMI increased from 53.7 to 56.4 in August 2019.The US nonfarm payrolls in August 2019 could increase 158K, less than the last 164K. USD/JPY Technical Ana...
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EUR/USD Recovery Facing Many Key Hurdles

Key Highlights The Euro started an upside correction from the 1.1027 swing low against the US Dollar. A major bearish trend line is forming with resistance near 1.1135 on the 4-hours chart of EUR/USD.The US nonfarm payrolls in July came in at 164K, down from the last revised 193K.The US ISM Non-Manufacturing Index in July 2019 could increase from 55.1 to 55.5. EURUSD Tec...
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USD/JPY Nosedives Below 107.50, US NFP Next

Key Highlights The US Dollar retreated sharply from the 2-month high at 109.31 against the Japanese Yen. Recently, USD/JPY traded below a major bullish trend line with support near 108.75 on the 4-hours chart.The US ISM Manufacturing Index in July 2019 declined from 51.7 to 51.2.The US nonfarm payrolls in July 2019 could increase 164K, less than the last 224K. USDJPY Tec...
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EUR/USD Starts Fresh Decrease Towards 1.1150

Key Highlights The Euro failed to hold the 1.1280 support and recently declined against the US Dollar. EUR/USD traded below a key bullish trend line with support at 1.1280 on the 4-hours chart.The US nonfarm payrolls in June 2019 increased 224K, more than the 160K forecast.Germany’s Industrial Production in May 2019 (MoM) could slide 0.4%, less than the last -1.9%. EUR...
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USD/JPY Remains At Risk of Further Declines

Key Highlights The US Dollar failed to surpass the 108.50 resistance against the Japanese Yen. A crucial bearish trend line is forming with resistance near 108.40 on the 4-hours chart.The Euro Area Retail Sales declined 0.3% in May 2019 (MoM), whereas the forecast was +0.3%.The US nonfarm payrolls in June 2019 could change 160K, more than the last 75K. USDJPY Technical A...
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USD/JPY Remains In Downtrend Below 109.00

Key Highlights The US Dollar declined heavily and settled below the key 109.00 support against the Japanese Yen. If USD/JPY corrects higher, it is likely to face a strong resistance near 108.80 and 109.00.The US Initial Jobless Claims for the week ending June 01, 2019 remained stable at 218K.The US nonfarm payrolls in May 2019 could rise 185K, less than the last 263K. US...
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EUR/USD Consolidating Gains above 1.2400, Dollar Advances Post NFP

Key Highlights The Euro seems to be struggling to move above 1.2500 against the US Dollar. There is a major bullish trend line forming with support at 1.2400 on the 4-hours chart of EUR/USD. The US nonfarm payrolls increased 200K in Jan 2018, more than the forecast of 180K. Today, the Euro Zone Services PMI for Jan 2018 will be released, which is forecasted to rem...
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