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The EUR/USD found buyers early this morning. The market will probably rally closer to the moving average (blue line) over the next few days. The tight bear channel that began in early May has...
A run of weak economic data suggests that Eurozone growth is faltering in Q2, highlighted by today’s soft German factory orders report. EUR/USD tried to bounce off its 200-day EMA last week but...
The EUR/USD is getting a second leg down after the June 2nd bear reversal bar. While the selloff over the past three days has been good for the bears, it will probably be limited. The reversal up on...
The EURUSD has been in a tight bear channel below the moving average (blue line) since early May. The bulls are developing decent buying pressure over the past couple of trading days, which increases...
The EUR/USD got a bull breakout yesterday. However, as strong as the bull breakout bar is, it is probably a minor reversal. The channel down from the May high is tight, which increases the odds that...
EUR/USD jumps after Lagarde says core CPI too high US nonfarm payrolls expected to ease to 190,000 The euro is drifting on Friday, trading at 1.0777. EUR/USD posted its strongest one-day performance...
The EUR/USD pair recovered ground on Thursday after touching its lowest level in over two months the previous day as expectations surrounding the Federal Reserve decision shifted to dovish while...
The EURUSD tested the March 20th low yesterday and reversed up. The channel down is tight, which increases the probability that the first reversal down will fail. The market is developing more buying...
Eurozone inflation falls sharply Debt ceiling deal sails through House of Representatives JOLTS Job Openings beats expectations The euro has edged higher on Thursday, trading at 1.0708, up 0.19%. The...
The EUR/USD has been in a tight bear channel for the past month. The market is getting close to support, which increases the odds of a bounce and a couple of legs sideways to up. Bears got trapped...
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