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EUR/GBP Technical Analysis – Prices completed a Bearish Engulfing candlestick pattern below the 0.87 figure, hinting at further weakness ahead. Sellers now aim to challenge the...
US Dollar Technical Analysis– Prices are testing support in the 10790-803 area, marked by the 38.2% Fibonacci retracement and the June 24 swing high, with a...
USD/CHF Technical Analysis– Prices are recovering from support at 0.9367, the 61.8% Fibonacci retracement. Near-term resistance is at 0.9440, the 50% level, with a break above...
GBP/JPY Technical Analysis– Prices launched higher out of consolidation to challenge the 50% Fibonacci retracement at 151.93. A break above that targets the 61.8% level at...
AUD/USD Technical Analysis– Prices broke higher as expected, taking out resistance at the top of a falling channel set from April and hinting a significant correction...
EUR/JPY Technical Analysis– Prices are testing above resistance at 130.72, the 38.2% Fibonacci expansion, with a break higher targeting the 50% level at 132.50. Trend line...
ASIA/EUROPE FOREX NEWS WRAP The Dow Jones FXCM Dollar Index (Ticker: USDOLLAR) continues to build on its rebound from its lowest level since June 26, as...
Pivot: 1.3090. Our preference: LONG positions above 1.309 with targets @ 1.3175 1.3205. Alternative scenario: The downside penetration of 1.309 will call for 1.3045 1.2995. Comment:...
Pivot: 0.9450. Our preference: SHORT positions below 0.945 with targets @ 0.936 0.9315. Alternative scenario: The upside penetration of 0.945 will call for 0.953 0.958. Comment:...
Pivot: 105.00 Our preference: LONG positions above 105 with 107.4 108.6 in sight. Alternative scenario: The downside penetration of 105 will call for a slide towards...