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forexSQ.com -Forex Daily Technical Analysis plus Forex Forcast - Feb.10

Forex Daily Report Forecasts said that today the European Central Bank officials may express concern today that the inflation in the European Union will gain momentum as the economy still shows signs of an ongoing recovery. This pushed the EUR near the highest level since two weeks against the JPY.

EUR/USD (4 H )

After the pair bounced against the resistance near 1.3843 and a reversal below the upper Fibonacci Fan line. But the fan line could stop the bearish movements and the EUR/USD traded along the upper fan. The upward trend is now near the resistance around 1.3744 if the pair could cross the line we might see further gains, but the Stoch might signalize downward movements...Full Forex News at :

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ForexSQ.com - U.S Dollar And Swiss Franc Gain due to Egyptian crisis

Safe-haven currencies gained further on concerns of Egyptian crisis worsening and Asian market declines and most of the Asian currencies declined. EURUSD declined to lows of 1.3552, USDCHF moved to highs of 0.9697, GBPUSD dropped to 1.6036, USDJPY rose to highs of 83.52 on expectations of consumer confidence in the US rising while the AUDUSD fell below parity to low of 0.9970 as RBA intends to keep interest rates on hold..Full Forex News at :

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ForexSQ - EUR/USD Outlook for Cooming Week - Feb.12

EUR/USD's break of 1.3510 support last week indicates that whole decline from 1.3860 has resumed. Initial bias remains on the downside towards 100% projection at 1.3393 and possibly below. However, we'd remain cautiously bullish in EUR/USD as long as 1.3253 cluster support (61.8% retracement of 1.2873 to 1.3860 at 1.3250) holds and expect rise from 1.2873 to resume sooner or later. Above 1.3743 resistance should bring rally resumption though 1.3860 towards 1.4281 key resistance. But, decisive break of 1.2873 will turn focus back to this low instead.

In the bigger picture, main question remains on whether medium term correction from 1.6039 has finished with three waves down to 1.1875. The firm break above 1.35 psychological level again affirm the case that fall from 1.4281 was merely a correction only and whole rise from 1.1875 is still in progress....Full Forex News at :

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ForexSQ.com - EUR/USD candlestick analysis , Feb.15

EUR/USD currency pair is declining further after a slight rollback. Earlier on a 4-hour graph the EUR/USD has formed candlestick combination Falling Three Methods, indicating downside movement.

This candlestick combination shows that the currency pair had been demonstrating upside movement for several weeks. However, near the resistance level 1.3852 (3-month high) the bears started to increase their influence and a rebound took place.

Downside movement is supported by the MACD divergence and Evening Star and Bearish Engulfing candlestick combinations on the day graph...Full Forex News at:

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ForexSQ.com - EUR/USD Daily Outlook . Feb.16

With 4 hours MACD staying above signal line, intraday bias in EUR/USD is turned neutral and some sideway trading might be seen. Note that another fall will remain in favor as long as 1.3743 resistance holds. But even in that case, outlook in EUR/USD will remain cautiously bullish with 1.3253 cluster support (61.8% retracement of 1.2873 to 1.3860 at 1.3250) intact. Rise from 1.2873 is still expected to resume sooner or later. Break of 1.3743 resistance should bring rally resumption though 1.3860 towards 1.4281 key resistance. But, decisive break of 1.2873 will turn focus back to this low instead...Full

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Forex News - Daily Technical Outlook.Feb.17 - ForexSQ

EUR/USD: The Eurusd rallied towards 1.3587 levels after solid support was seen near 1.3500 levels on continuous talk of sovereign buying. Daily stochastic is showing upside momentum. Looking ahead today, Current Account data expected better. As mentioned earlier, If Euro...

GBP/USD: The Pound trading near 1.6108 levels had fallen towards 1.60 levels overnight after soft jobs data yesterday with 2.4k vs. -3k forecast. Also the BOE quarterly inflation report disappointed markets who were looking for more support for a rate rise this year. Looking ahead today.....

USD/JPY: The pair rose towards Y84 levels early morning post FOMC minutes which had discussed about the inflation risks. Currently it is trading at 83.60 levels. Strong support seen.....

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Fx Forcast :Buy EUR/USD at 1.3750 -ForexSQ

Although the single currency has rebounded in tandem with cable, break of resistance at 1.3857-62 is needed to confirm upmove has resumed and extend gain to next target at 1.3900, however, loss of upward momentum should prevent sharp move beyond 1.3950 which is likely to hold on first testing and bring correction later.

Buy at 1.3750, Target ... Full Forex News at :

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