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EUR/USD Weekly Outlook

EUR/USD dropped to as low as 1.2641 last week and formed a short term bottom there, above 1.2625 low, and recovered. Initial bias is mildly on the upside this week for recovery to 4 hours 55 EMA (now at 1.2844) and above. But strong resistance should be seen below 1.

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Forexperts

David Song | May 18

Euro Tests For Support Ahead Of G8 Summit, Sterling To Lag Behind

The Euro bounced back from a fresh monthly low of 1.2641 as a spokesperson for the EU denied rumors that the group is working on a contingency plan for a Greek ...

Mohammed Isah | May 18

USDJPY: Further Weakness Envisaged

With USDJPY breaking below the 79.42 level, the risk is for it to decline further. This now sets the stage for a run at the 79.00 level. A decisive cut through here will allow for more weakness towards the 78.

Walid Salah El Din | May 18

18/5/2012 - The Current Market Sentiment

The pressure is still continued at the single currency because of the political risks which threatening the union after Hollande's winning in France and th...

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By FXDD | Mar 12, 2012

GBPUSD up/down/up/down pattern being tested on break above.

The GBPUSD has been moving up and down in the NY session and has just broken above the topside channel trendline. That is the bullish news. The bearish news is the price held the resistance against ...