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EUR/GBP Longer term bias remains neutral to bullish for the pair, closing above both bearish trendlines confirms some upside for the week ahead. Intraday: the euro bulls could push above 0,9100 resistance and now becomes support. Key zone 0,9130 - 0,9150 if we break above the pair could rally to...

The Euro tipped lower against the U.S. dollar on Wednesday, with the exchange rate slipping to a low of 1.3545 during the overnight trade, and the single-currency is likely to maintain the narrow range carried over from the previous week as policy makers in Europe aim to support the economies...

Since the beginning of February, the CAD/JPY has been trading in an N formation with a resistance point around 88.30. Yesterday, the pair has shown a small break-out through the resistance level before coming back. It depends whether the pair will show a clearly movement along the levels. If the...

Pound/Dollar continued decreasing on Wednesday as Manufacturing production data was worse than expected. The Cable descended to 1.4877, from where it climbed up to 1.4993, closing the day at 1.4976. The fact that the Cable dropped bellow 1.49 confirms the remaining of the bearish pressure. There are no major economic...

The yen rose against the dollar and euro, bouncing back from Thursday's disappointing Japanese economic-growth revision, after Chinese economic data raised investors' concerns that interest rates would rise.

USDCHF: The pair remains vulnerable to the downside towards the 1.0647 level, its Mar 03'10 and the 1.0607 level, its Feb 09'10 low as it continues to retain its corrective to consolidation tone. With a medium term uptrend set off from the 0.9910 level in Nov'09 halting at 1.0896 on...

On the currency markets, the sideways trading range for EUR/USD between 1.3433 and 1.3850 is still perfectly in place and we don't see a trigger to unlock this stalemate anytime soon. Next week's Fed meeting might be the next milestone. Sterling continues to fight an uphill battle. A break below...

EURUSD Comment: Same old, same old as the Euro goes nowhere. However, the 9-day moving average has levelled off while the 26-day one dropped suddenly towards it. Having already spent three weeks at current levels we really could do with a strong weekly close this Friday.

Another quiet trading session yesterday in the States with no major economic reports released and no official statements on monetary policy communicated. The main report yesterday was the weekly Crude Oil inventories which came in below expectations at 1.4M barrels. Although the report did cause a bout of volatility in...

The pre-planned short positions from key resistance range levels have been implemented with attainment of basic anticipated targets. OsMA trend indicator, having marked signs of sales activity strengthening accompanied by fall in bullish activity, suggests preference of planning sales for today. Hence and considering ascending direction of indicator chart, we...