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  1. #31
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    EURUSD found important support 1.3759.RSI (14) reads 50.73. Supports are ascending from 1.3663, 1.3682, 1.3695, 1.3729. Spot is 1.3753 while resistances are 1.3787, 1.3800, 1.3818 and 1.3833.

    The overall trend for EURUSD Slightly Bullish.

  2. #32
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    EURUSD Current price at 1.3787

    Dollar early strength across the board is being quickly reversed with US opening, amid yesterday’s budget deal: the Congress has reached an agreement to fund federal services which once voted, will avoid another government shutdown early 2014

    The EUR/USD is again flirting with 1.3800, having found buyers in the 1.3740 level earlier today. Confined to a tight range, hourly indicators maintain a pretty neutral stance, albeit bullish trend prevails with a price acceleration above 1.3800 favoring a run towards fresh highs beyond 1.3840.

    Support levels: 1.3775 1.3740 1.3700
    Resistance levels: 1.3800 1.3840 1.3885




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  4. #33
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    EURUSD Current price at 1.3789

    EURUSD is facing the resistance of 1.3832 (Oct 25 high), consolidation would likely be seen before breaking above this level. Initial support is at 1.3700.

    The key support is at the rising trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend from 1.3296.

    The overall trend for EURUSD Slightly Bullish.


  5. #34
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    Future of EUR : all eyes on European Central Bank

    Advanced figures for EUR futures markets from CME Group, open interest rose by 308 contracts on Wednesday from Tuesday’s final 494,154 contracts and volume contracted by more than 7000 contracts.
    Today’s ECB event should be crucial for the near term price action.

  6. #35
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    Eurostoxx futures +0.1% in early European trading




    European equity futures-- little higher to start the week

    German DAX futures +0.2%
    UK FTSE futures +0.2%
    French CAC 40 futures +0.1%

  7. #36
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    Strong German industry data pushes euro to near 3-week high

    LONDON, July 5 - The euro climbed half a percent to near three-week highs on Thursday following strong German data, though gains were capped before the release of Fed minutes later in the day.



    German industrial orders bounced back in May with a stronger-than-expected jump after four consecutive monthly drops, as demand from domestic customers and the rest of the euro zone picked up.
    Media reports that the European Central Bank may be preparing to raise interest rates by next September or October also helped the euro, though thin volumes were a factor, with U.S. markets shut overnight for Independence Day.
    “The euro is getting a bit of a lift on the German data though the trade concerns will continue to dominate markets with the Fed minutes being the key data point,” said Kenneth Broux, a currency strategist at Societe Generale in London.
    In early London trading, the single currency rallied to a high of $1.1711, just shy of a three-week peak of $1.1722.


    But with a deadline for Washington to impose tariffs on Chinese imports also due, markets remained rangebound.
    The offshore yuan was broadly steady at 6.6466 per dollar, some distance from Tuesday’s 11-month low of 6.7344, following reassuring remarks from Yi Gang, governor of the People’s Bank of China (PBOC).
    “Chinese authorities have been clear they don’t want to use the weaker yuan as a major foreign exchange trade policy... If they were to target a weaker yuan, it could potentially lead to problems, such as capital outflows (as) experienced back in 2015,” said Shinichiro Kadota, senior FX & rates strategist at Barclays in Tokyo.
    The dollar’s index against six rivals was 0.34 percent lower at 94.34, its lowest level in a week.

    While the dollar has been supported by the perception of the relative strength of U.S. economic growth and the attraction of its higher bond yields, some market players say recent falls in those yields may be undermining the currency.
    The Fed will release minutes of its June meeting, with investors looking for clues on whether it is still on track to raise interest rates twice more this year. Monthly payrolls data follow on Friday.

  8. ARIONFORXtarder
 

 
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