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EURUSD

EURUSD failed to break above $1.3228, which is the 50 percent Fibonacci retracement of the February to April decline. The MACD has generated a sell signal and EURUSD has fallen below its 50, 100 and 200‐day MA, likely indicating that there is building downward pressure on the pair. EURUSD is hovering just below the 61.8 percent Fibonacci retracement of the move from the November 2012...

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May 13, 2013 @ 12:50 pm

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Technical Analysis – USDJPY – April 10

USDJPY: The bias to the upside remains. The rising channel since September 2012 on the Daily chart is in tact. Expect a retracement since the upper channel has been reached and Monday’s opening gap has not been filled yet. Long positions target 100.00 and 100.80 yen. A break below 98.00 will lead to 97.80 and...

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April 10, 2013 @ 6:43 am

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Technical Analysis: EURUSD March 27

Technical Analysis: EURUSD March 27

Euro is bearish so sell on any bounces. The bias for negative sentiment remains today as long as EURUSD remains below $1.2890. A break through support $1.2800 will lead to first target toward $1.2720. A break at this level would open the potential for losses to $1.2662, which is the low reached in November 2012. Meanwhile, an alternative scenario would be for the pair to reach Tuesday’s...

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March 27, 2013 @ 8:12 am

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EURUSD heavy, EURJPY upside bias

Widening bond yields spreads between the US and Europe is weighing on the EURUSD pair. The 10-year US Treasury and German Bund spreads have now widened by 55 basis points, up from 28 basis points in the last two weeks since February 25. However the spreads between German Buds and periphery bonds like those from Italy and Spain have tightened slightly and helped prevent a worse decline in...

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March 11, 2013 @ 9:08 am

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