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Friday, 13 November 2015
Weekly Technical Analysis

EUR/USD Weekly Forecast – 16 November – 20 November

Euro went back and forth in the course of the last week, essentially doing nothing. There were no major data releases so pair was traded in a bit tighter range. Pair was initially pushed lower but found area around 1.0670 level to be supportive enough in order to rebound and even test 1.08 handle as a resistance. Pair in fact found it there and pulled back to 1.07 handle by the end of the week. Read more...

Friday, 13 November 2015
Weekly Technical Analysis

GBP/USD Weekly Forecast – 16 November – 20 November

Sterling managed to rebound during the last week, breaking above 1.52 handle, supported by rather good UK job figures, but 1.5250 level still offers plenty of resistance at the moment. However, since pair bounced from 1.5050 area it seems that this area is supportive enough at the moment, especially since this is a major support on a long-term charts. Read more...

Friday, 13 November 2015
Weekly Technical Analysis

AUD/USD Weekly Forecast – 16 November – 20 November

Aussie broke higher in the course of the last week, above 0.71 handle, supported by better than forecasted Australian job figures but also bouncing out form 0.70 handle which is offering significant amount of support at the moment. However, we believe that there is still plenty of bearish momentum at the moment, with pair not being able to break above 0.7160 area. Read more...

Friday, 06 November 2015
Weekly Technical Analysis

EUR/USD Weekly Forecast – 9 November – 13 November

After initial steadier beginning of the week, euro first break below 1.10 handle and then continued its decline below 1.09 handle, and after much better than forecasted NFP figures reached all the way to 1.07 handle where it found some amount of support at the moment, but we believe that with no major data releases initially next week both from USA and Eurozone pair is likely to continue its downtrend.

Read more...

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