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Wednesday, 10 December 2014
Daily Technical Analysis

EUR/USD Daily Forecast - 11 December

Euro spent most of the session on Wednesday in an uptrend. This uptrend is mostly due to global concerns that put some pressure on USD, but it is also a result of a less eventful week in which euro had to rebound after sharp decline in the past few week. In the end it finished the session few points above 1.2420 level. As for tomorrow, we would pay attention to Targeted LTRO data and US Retail Sales figures.

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Wednesday, 10 December 2014
Daily Technical Analysis

GBP/USD Daily Forecast - 11 December

Sterling was pushed higher in the course of the session on Wednesday, finishing it around 1.57 handle, as USD came under pressure due to global concerns. Since there will be no major data releases from the UK tomorrow, focus of the session will be on US Retail Sales figures.

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Wednesday, 10 December 2014
Daily Technical Analysis

AUD/USD Daily Forecast - 11 December

Aussie went back and forth during the session yesterday. It was initially pulled back by weaker than expected Chinese CPI figures, but found once again area around 0.8250 level to be supportive in order to rebound and finish the session few points below 0.83 handle. Main market mover tomorrow will be Australian job figures.

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Tuesday, 09 December 2014
Daily Technical Analysis

EUR/USD Daily Forecast - 10 December

Euro was pushed higher during the session on Tuesday, though there were no major data releases both from Eurozone and USA. USD came under pressure as oil prices continue their decline, but also we must bare in mind the fact that euro went through huge downtrend recently, and we believe that it could go much lower, in long-term trends, but in order to do so we first must see a bit of bounce out and consolidation in the pair.

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