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forexSQ.com - Euro slips before euro zone meeting
The euro eased on Monday as investors waited to see if officials will agree to beef up a euro zone safety fund, while Asian shares mostly fell, led by drop in Shanghai in the wake of China's latest attempt to contain inflation.
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forexSQ.com - GBP/USD over support line at 1.5900
Cable has remained consolidated to the upside of 1.5900 over the past few hours of trading, following its return from a 2-month high above 1.5950. The pair currently is testing support at the barrier however, dipping momentarily below but holding off any deep slide so far.
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forexSQ.com - EUR/USD gains Monday's losses and reaches 1.3370 high
Euro retreat from one-month high at 1.3455, found support at 1.3240 low on Monday, and, after another pullback to 1.3250 on early Asian session, the pair has squeezed higher to reach session highs at 1.3370 ahead of Frankfurt opening.
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forexSQ.com - Morning Briefing | 18 January 2011 | UK CPI DATA
At 1030 CET today we have CPI data coming out from the United Kingdom. With Forex players hyping speculation that persistent inflationary pressure will in the end translate in the BoE hiking its interest rates sooner than expected, the release is bound to be given the limelight later today
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forexSQ.com - EUR/USD and GBP/USD Daily report
EUR/USD
As long as the euro above the 1.3230 over the short term the uptrend will be back , however and as we can see over the chart the Euro is testing the resistance level of the channel at 1.3390 but still no daily close above it and so not broken yet ....
GBP/USD
As long as the market above the 1.5660 the uptrend will continue and the first target will be 1.5800 then 1.5915 and above that the target will set at 1.6230 , however the cable is already on ....
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ForexSQ.com - U.S Dollar drops Vs euro and pound Currencies
The U.S. dollar lost ground versus most major rivals Tuesday, while the euro extended gains as data showed German investor confidence remained on the rise and sovereign-debt worries on the periphery of the euro zone eased.
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forexSQ.com - EUR/USD Re-Testing Highs - Jan.19.2011
EUR/USD has been trading continually higher after testing trend line support on January 10th. With the session high of 1.3506, the pair re-tests the December 14th high which has not seen a close higher since November 22nd. A close above this level may be a bullish signal for the pair in which case the next topside target on the daily perspective would be 1.35565; an old support level. If selling occurs against this level, the first downside target would be 1.34366; the 61.8% line on the move from November 22nd highs to January 10th lows...Forex News
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forexSQ.com - EURUSD at rate 1.3450-1.3500 strong resistant zone
Single currency bulls are struggling at 1.3450-1.3500 strong resistant zone and they couldn't find a way to break through it yet. It's really amazing to see the battle between bulls and the bears here.
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forexSQ.com - EUR/USD Outlook Jan.19.2011
EUR/USD rises further to as high as 1.3537 in early US session and the break of 1.3496 resistance indicates that fall from 1.4281 has completed at 1.2873 already. Note that the corrective three wave structure of the fall, with 1.2643 support intact, will indicate that rebound from...Full Story
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forexSQ.com - GBP/USD Technical Analysis (2011/01/19)
GBP/USD as of Wednesday (1/19/2011) has continued its consistently and dramatically bullish stance that has been in place since the beginning of the year. During the course of this bullishness, price action launched off its key 1.5350 support base and then broke out cleanly above a bullish descending wedge pattern before shooting for 1.5900 resistance...Full Story
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