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FxWirePro: EUR/USD recovers after making a low of 1.1395, good to sell on rallies

Aug 26, 2015 03:35 am UTC| Technicals

EURUSD has made a low of 1.1395 and recovered till 1.15598 level. Overall trend is till weak as long as resistance 1.1580 holds. It has formed a temporary top around 1.1712 and any further bullishness only above that...

USD/JPY struggles to hold above 120 level, good to buy at dips

Aug 26, 2015 02:14 am UTC| Technicals

USD/JPY has made a high of 120.38 yesterday and retreated till 118.43 today in Asian session.It is currently trading at 119.14. Overall trend is bullish as long as support 118 holds. The pair has made a dead cat bounce...

FxWirePro: AUD/USD key resistance at 0.7235, bearish in the near term

Aug 25, 2015 15:14 pm UTC| Technicals

AUD/USD slipped back below 0.7200 levels after hitting minor resistance at 0.7253, and is approaching to support level at 0.7159. The resistance level at 0.7273 is set to block bulls from advancing further, as this level...

FxWirePro: GBP/USD key support at 1.5695, bullish in the short term

Aug 25, 2015 14:08 pm UTC| Technicals

The cable is has retreated after hitting resistance 1.5816 and has slipped sharply towards 1.5760 levels, currently the cable is trading round 1.5740 levels , strong support level lies at 1.5695, a bullish rebound is...

FxWirePro: EUR/GBP’s slumps likely to resume back again

Aug 25, 2015 12:51 pm UTC| Insights & Views Technicals

Technical Glance and Trade Tips: Weekly technical charts that have shown continuous down-streak have now been back again. This pair had taken a brief pause while a slight recovery took place from 19th August, bounces...

FxWirePro: EUR/GBP retreats from higher levels, good to sell on rallies

Aug 25, 2015 12:33 pm UTC| Technicals

RES 4: 0.7420 (Aug 24th high) RES 3: 0.7380 RES 2: 0.7350 (61.8% retracement of 0.7420 and 0.7250) RES 1: 0.7327 (20 day HMA) PRICE: 0.72880@ 12:11 GMT SUP 1: 0.7250 SUP 2: 0.7210 (Cloud bottom) SUP 3:...

GBPUSD trade Idea

Aug 25, 2015 12:32 pm UTC| Technicals

GBP/USD is facing strong resistance around 1.5800 and any break above confirms short term bullishness, a jump till 1.5927 cannot be ruled out . On the downside major support is around 1.5745 and break below targets...

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