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Euro Trades Around 1.3980 |
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EUR/USD: Euro continues recovey, approaches 1.4000The Euro is picking up after yesterday's 240 pip decline, and 1.3885 low on Asian session, the Euro trades around 1.3980 ahead of the European markets opening. The Euro has reached levels close to 1.4000 resistance, and above here, next resistance levels lie at 1.4050/60 and 1.4080. On the downside, initial support level lies at 1.3920/30, and below there, 1.3885 (Jun 24 low) and 1.3870. EUR/GBP decline from levels around 0.8565 has found support at 0.8480 area, and the Euro has bounced in late Asian session to levels above 0.8500. Resistance levels are 0.8520 and 0.8555. Support levels lie at 0.8480 and 0.8440. |
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GBP/USD Current Price 1.6452. |
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Sterling remains in the wide daily rangeGBP/USD Current price: 1.6452. Correcting to the upside, pair remains still in the wide daily range of the past two weeks. Slightly bullish in the hourly, pair could regain the upside more clearly only if breaks above 1.6500 zone. While 1.6405 is the downside break point. “20 SMA above remains above actual level, while momentum still points lower; expect the upside to remain limited,” Support levels: 1.6410 1.6370 1.6320. Resistance levels: 1.6500 1.6560 1.6600 |
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USD/JPY Current Price 95.82 |
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Yen ready to retest 96.00 levelUSD/JPY Current Price 95.82. Pair seems to have bottomed just under 95.00 and with stocks rising in Asia supporting the bullish perspective, pair seems ready to retest the 96.00 level. “With hourly and 4 hours indicators supporting bias, break above that zone could trigger more bullish momentum in the pair as also, rumors (just rumors) of intervention by BOJ are also affecting JPY,” Support levels: 95.60 95.20 94.80. Resistance levels: 96.05 96.30 96.70 |
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USD/CHF Is Now Below 1.1000 |
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USD/CHF tests intra-day high at 1.1020The Swiss Franc is having the worst day since March against the Dollar. USD/CHF is now below 1.1000 after testing intra-day highs at 1.1020 for the second time in the sesionl after the released of the FOMC decision. The pair is 3% above today’s opening price. On the downside the pair has found support at 1.0975. Above the 1.1020 the next resistance lies at 1.1055 (May 21 high). The Swiss Franc suffered from the intervention in the market by the Swiss National Bank. |
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USD/CAD falls 0.50% so far the todayThe Canadian Dollar is rising today benefit from higher oil prices. USD/CAD fell to 1.1420 (intra-day low) during the Asian session. Since the opening bell at Wall Street the pair rose to 1.1460 but is still far from intra-day high at 1.1510. On the upside, resistance lies at 1.1580 (June 23 high). Below intra-day low the next support could be found at 1.1370. The Dollar has accumulated an increase of almost 800 pips, after bottoming to an 8-month low at 1.0775 at the beginning of the month. Since then the pair has been moving in an uptrend. |
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