Euro (EUR)

The Euro managed to test the resistance of 1.0600 and a few pips above it before prices hit dropped. As we see on the Intraday chart, the market is facing support around 1.0525-40. If prices hold here, then another advance toward…
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USDJPY grinds lower The Japanese yen (JPY) recovered some lost territory after moving away from the recent peak at 157.00. On the chart, the round number of 154.00 is an intermediate hurdle for bears to clear as the RSI shot into the…
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The Euro held below the resistance of the 1.0580-1.0600 zone and managed to drop toward 1.0515 so far. As we see on the chart, prices face the support zone around 1.0475. If the market remains above it, a rebound correction will be…
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Friday might turn out to be the most important days for the market. Not because there necessarily will be a large move in forex pairs, but because Flash PMIs could help set the tone for the final round of rate decisions of the year. That…
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The Euro managed to sustain  a drop towards the target 1.0520 and lower. As we see over the chart, the  market is facing support around 1.0475 where as long as prices keep holding above, a rebound correction will be expected toward 1.0800.…
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On Thursday, the EURUSD came down to test the 1.05 handle, the lowest it has been since October of last year. This came amid renewed speculation that the ECB could be headed for strong rate cuts at the next meeting. Some analysts have gone…
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GER 40 (DAX40 index)  breaks lower The DAX40 index fell further after continuing the bearish rally from last month. A fall below the base of a previous bounce at 19100 suggests that sellers are still in control of the direction, forcing…
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Nasdaq 100 index hitting higher highs The Nasdaq 100 index continued the rally as the aftereffects of a Trump victory and Fed rate cut rumbled on. The index is looking to hold above the 21000 level after jumping over a thousand points in…
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US30 begins to pullback The Dow Jumps to another record with renewed optimism that tax cuts will come sooner rather than later under the Trump administration. The index to consolidate after the rally stalled at 43800. 43200 at the…
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