EUR/USD Facing Uphill Task Near 1.1150

Key Highlights EUR/USD found support near 1.1085 and it is correcting higher.There are many hurdles on the upside near 1.1145 and 1.1150.GBP/USD might decline heavily if it breaks the 1.3000 support area.The UK Industrial Production could decrease 0.2% in Nov 2019 (MoM). EUR/USD Technical Analysis After a steady decline, EUR/USD found support near the 1.1085 area. The...
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USD/JPY Signaling Bullish Continuation Above 109.50

Key Highlights USD/JPY recovered sharply and climbed above the 109.00 resistance area.The current trend is positive, suggesting more gains if the pair surpasses 109.70.The US Initial Jobless Claims for the week ending Jan 04, 2020 declined from 223K to 214K.The US nonfarm payrolls could increase 164K in Dec 2019, less than the last 266K. USD/JPY Technical Analysis Aft...
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EUR/USD Stuck In Broad Range Below 1.1100

Key Highlights EUR/USD struggled to settle above the 1.1100 resistance area.GBP/USD remained strong and surged above the 1.3100 resistance area.The US nonfarm payrolls increased 266K in Nov 2019, better than the market forecast of 180K.The US unemployment rate declined from 3.6% to 3.5% in Nov 2019. EUR/USD Technical Analysis After forming support near 1.1000, the Eur...
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USD/JPY Could Revisit 109.50 Resistance Zone

Key Highlights USD/JPY remained well supported above the 108.20 region.GBP/USD rallied recently above the 1.3100 and 1.3150 resistance levels.The US Initial Jobless Claims for the week ending Nov 30, 2019 declined from 213K to 203K.The US nonfarm payrolls is likely to increase 180K in Nov 2019, up from the last 128K. USD/JPY Technical Analysis After a major failure ne...
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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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