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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EUR/USD Could Struggle To Recover Above 1.1300

Key Highlights The Euro declined heavily and broke the 1.1250 support against the US Dollar. There was a break below a couple of important bullish trend lines on the 4-hours chart of EUR/USD. The US nonfarm payrolls in Feb 2019 came in at 20K, less than the 180K forecast. The US Retail Sales for Jan 2019 will be released today, which could increase 0.1% (MoM). ...
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Downsides In USD/JPY Remains Supported

Key Highlights The US Dollar climbed higher recently above the 112.00 level against the Japanese Yen. There is a strong support formed near the 111.20 level on the 4-hours chart of USD/JPY. The US Initial Jobless Claims for the week ending Feb 26, 2019 declined from 226K to 223K. The US nonfarm payrolls for Feb 2019 will be released today, which could post 180K, d...
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EUR/USD Consolidating Above Crucial Support Post NFP

Key Highlights The Euro started a downside correction after trading above 1.1500 against the US Dollar. There is a significant support formed near the 1.1420 level on the 4-hours chart of EUR/USD. The US Nonfarm Payrolls in Jan 2019 came in at 304K, much better than the 165K forecast. The US Factory Orders figure for Nov 2018 will be released today, which could in...
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USD/JPY Forms Key Top Ahead of US NFP

Key Highlights The US Dollar failed to break the 110.00 resistance and declined against the Japanese Yen. There is a major bearish trend line formed with resistance near 109.40 on the daily chart of USD/JPY. The US Initial Jobless Claims for the week ending Jan 26, 2019 increased from 200K to 253K. The US Nonfarm Payrolls figure for Jan 2019 will be released today...
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