EUR/USD Signaling Bullish Continuation

Key Highlights The Euro started a fresh increase from the 1.1075 support against the US Dollar.EUR/USD surpassed a key bearish trend line at 1.1135 on the 4-hours chart.The US Nonfarm Payrolls increased 128K in Oct 2019, better than the 89K forecast.The Euro Zone Manufacturing PMI is likely to remain at 45.7 in Oct 2019. EUR/USD Technical Analysis This past week, the ...
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USD/JPY Showing Bearish Signs, US NFP Next

Key Highlights The US Dollar failed to stay above the 109.00 resistance and declined against the Japanese Yen.USD/JPY traded below a crucial bullish trend line with support near 108.80 on the 4-hours chart.The US Initial Jobless Claims for the week ending Oct 26, 2019 increased from 213K to 218K.The US nonfarm payrolls could increase 89K in Oct 2019, down from the last 136K...
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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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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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