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Friday, 08 January 2016
Weekly Technical Analysis

EUR/USD Weekly Forecast – 11 January – 15 January

Euro was initially pushed lower in the course of the last week, though there were no major data releases, but managed to completely rebound by the week's end, despite much better than forecasted NFP figures. However, pair found some amount of resistance around 1.0930 level. We can expect a bit steadier next week, as the main data releases are not scheduled until Friday.

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Friday, 08 January 2016
Weekly Technical Analysis

GBP/USD Weekly Forecast – 11 January – 15 January

Sterling was pushed lower in the course of the last week, testing 1.45 handle and even with a weekly closing around this area, which indicates serious bearish pressure in the pair. Ever since pair broke below 1.49 handle, pair is going downtrend, with initial target at 1.45 handle. As for next week, we would pay attention to US data and UK Industrial Production figures. Read more...

Friday, 08 January 2016
Weekly Technical Analysis

AUD/USD Weekly Forecast – 11 January – 15 January

Aussie was pushed lower in the of the last week, breaking below 0.70 handle. There were no major data releases from Australia, however, concerns surrounding crash of Asian markets as well as slower China's economic growth, have put bearish pressure on the pair. Next week main market mover will be Australian job data. Read more...

Thursday, 31 December 2015
Weekly Technical Analysis

EUR/USD Weeky Forecast – 04 January – 08 January

Euro was traded in a tighter range in the course of the last week due to holiday season. However, after pair initially tested 1.10 handle as a resistance, it sharply pulled back and finished the week well below 1.09 handle. This is of course bearish sign, that indicates that pair could be heading towards low of recent consolidation range at 1.08 handle. Next week focus will be on Eurozone CPI data, FOMC Meeting Minutes and NFP report.

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