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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EUR/USD Turned Short Term Bullish, Could Surpass 1.1350

Key Highlights The Euro started a steady rise above the 1.1250 resistance against the US Dollar. EUR/USD is currently placed above 1.1300 and it could surpass 1.1350.The US nonfarm payrolls in May 2019 came in at 75K, less than the 185K forecast.The Euro Zone Sentix Investor Confidence in June 2019 could decline from 5.3 to 1.4. EURUSD Technical Analysis This past wee...
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EUR/USD Remains Vulnerable Below 1.1250

Key Highlights The Euro declined heavily, tested 1.1140, and recently bounced back against the US Dollar.A key bullish trend line is forming with support near 1.1170 on the 4-hours chart of EUR/USD.The US Nonfarm Payrolls increased 263K in April 2019, better than the 185K forecast.The Euro Zone Services PMI in April 2019 is likely to remain stable at 52.5. EURUSD Technic...
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USD/JPY Range Bound Below Key 112.00 Resistance

Key Highlights The US Dollar failed to hold gains above 112.20 and declined recently against the Japanese Yen.A crucial bearish trend line in place with resistance near 111.85 on the 4-hours chart of USD/JPY.The US Initial Jobless Claims in the week ending April 27, 2019 were unchanged from 230K.The US nonfarm payrolls in April 2019 could decline from 196K to 185K. USDJP...
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EUR/USD Remains At Risk Of More Losses

Key Highlights The Euro declined this past week and broke the 1.1250 support against the US Dollar.EUR/USD is following a bearish trend line with resistance at 1.1235 on the 4-hours chart.The US Nonfarm Payrolls in March 2019 increased 196K, better than the 180K forecast.The US Factory Orders in Feb 2019 might decline around 0.6% (MoM). EURUSD Technical Analysis The E...
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Can USD/JPY Surpass The Key 112.00 Resistance?

Key Highlights The US Dollar climbed higher and broke the 111.00 resistance against the Japanese Yen.USD/JPY broke a major bearish trend line at 111.15 on the 4-hours chart.The US Initial Jobless Claims for the week ending March 30, 2019 declined to 202K from 212K.The US Nonfarm Payrolls in March 2019 could rise from 20K to 180K. USDJPY Technical Analysis After formin...
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