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1.4800/1.4850/1.4970
Support levels: 1.4770/1.4700/1.4620
EUR/USD has fallen heavily to 1.4770 yesterday and even 1.4750 over the last trading hours after higher than expected US Core Consumer Price Index numbers exactly as it was suggested in our previous report Today focus will be on US Industrial Production numbers at 13:15 GMT The conensus is at 0.0% On downside, the bias remains bearish with next targets at 1.4700 and then 1.4620 On the other side, first minor Resistance stands at 1.4800, however a break above 1.4850 is required to signal recovery towards 1.4970-80 previous highs
Strategy-neutral.
EUR/USD:Broader themes may have to take a back seat for a couple of weeks, but the bias remains broadly dollar negative. Re-try a small buy against 1.3430 support, stop 1.3380,...
USD/CHF – Market strategy is bullish, buying from the 1.1180~levelUSD/CHF-market strategy can be a buy from the level 1.1180Technical oscillators supporting the bullish trend...
In this PDF you will find the latest technical analysis published by Forex Trends
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