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AUDUSD: Bearish, Weakens
With AUDUSD seen reversing its recovery attempts on Thursday, there is risk of further downside. Support comes in at the 0.9592 level where a break will target the 0.9500 level. Other supports are located at the 0.9450 level and the 0.9400 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, immediate resistance resides at the 0.9700 level followed by the 0.
By Mohammed Isah | 1:17 pm | FX Tech Strategy
AUDUSD: Sells Off, Eyes Further Downside
With a sell off reversing its two-day rally, the risk is for that continue in the days ahead. Further down, support comes in at the 1.0219 level where a violation will turn attention to the 1.0150 level and then the 1.0100 level. Further down, support comes in at the 1.0050 level and then the 1.0000 level.
By Mohammed Isah | May 02 | FX Tech Strategy
EU Morning Report - Dollar losing across the board
The euro (EUR) climbed as much as 130 pips yesterday afternoon against the US dollar (USD). The single currency has gained on dollar weakness touching 1.
By NikolasX | May 01 | Easy Forex
EU Morning report - EU periphery bond yields drop
The euro (EUR) appears strong against most of its major counterparts, early in the European session. The single currency got a boost from news that Spanish and Italian bond yields improved for yet another auction.
By NikolasX | Apr 30 | Easy Forex
EU Morning Report - Dollar losing across the board
The euro (EUR) climbed as much as 130 pips yesterday afternoon against the US dollar (USD). The single currency has gained on dollar weakness touching 1.
By NikolasX | May 01 | Easy Forex
EU Morning report - EU periphery bond yields drop
The euro (EUR) appears strong against most of its major counterparts, early in the European session. The single currency got a boost from news that Spanish and Italian bond yields improved for yet another auction.
By NikolasX | Apr 30 | Easy Forex
EU Morning Report - Germany opposes ECB rate cut
The euro (EUR) remains range-bound against the US dollar (USD) moving above 1.3030. At a time when many voices within the Eurozone are pleading for a rate-cut in an attempt to promote growth in the continent; Angela Merkel, the German Chancellor, opposes such a move.
By NikolasX | Apr 26 | Easy Forex
EU Morning Report - ECB rate cut rumours push euro lower
The euro (EUR) continues its sliding trend against the US dollar (USD). The pair moved above 1.3040 after short dips below the 1.
By NikolasX | Apr 25 | Easy Forex
EU Morning Report - ECB rate cut rumours push euro lower
The euro (EUR) continues its sliding trend against the US dollar (USD). The pair moved above 1.3040 after short dips below the 1.
By NikolasX | Apr 25 | Easy Forex
EU Morning Report - How social media hack rocks markets
The euro (EUR) corrected some of yesterday’s losses against the US dollar (USD) but slid lower to 1.
By NikolasX | Apr 24 | Easy Forex
EU Morning report - Economic stagnation looms over the euro
The euro (EUR) remains range-bound against the US dollar (USD) currently moving below 1.3044. The single currency has stabilized after Italians elected new President Giorgio Napolitano is expected to continue efforts to create a viable government in the country.
By NikolasX | Apr 23 | Easy Forex
EU Morning Report - How social media hack rocks markets
The euro (EUR) corrected some of yesterday’s losses against the US dollar (USD) but slid lower to 1.
By NikolasX | Apr 24 | Easy Forex
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