EUR/USD dropped to as low as 1.2641 last week and formed a short term bottom there, above 1.2625 low, and recovered. Initial bias is mildly on the upside this week for recovery to 4 hours 55 EMA (now at 1.2844) and above. But strong resistance should be seen below 1.2994
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EUR/USD Weekly Outlook
EUR/USD Mid-Day Outlook
EUR/USD continues to lose momentum ahead of 1.2625 support and at this point, intraday bias is turned neutral first. Above 1.2758 will bring stronger recovery to 4 hours 55 EMA (now at 1.2846) and possibly above. But strong resistance should be seen at 1.2994 to limit upside and bring fall
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EUR/USD Getting Closer to the Cliff as Spain Bypasses Greece in Negative Headlines
Euro/dollar is gradually drifting towards the years low and suffers from unconvincing bounces. In Greece, some polls show a lead for the pro-bailout parties for a change and some of the worries of a bank run are downplayed for now. Nevertheless, Spain is in deeper trouble, with talks about a silent…
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ACB sitting on offer up around 1.2700 in EUR/USD
Were back around 1.2685 after the rally stalled at 1.2703.
Comments from EU trade commissioner De Gucht that the ECB and EU are drawing up some emergency plans in the event of a Greek exit from the Euro arent helping either.
Offers remain in the 1.2700/10 region with bids down towards 1….
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EUR/USD Classical Technical Report
The market remains under intense pressure and the focus for now is squarely on a retest of the 2012 lows from January at 1.2625. While we would not rule out a possibility of a test of this level over the coming sessions, short-term technical studies are well oversold and are showing a need for some…
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EUR/USD Dip to 1.21 in Medium-Term: Expert
Michael Judge, Corporate FX Dealer at OzForex, says euro-dollar could slip to 1.21 or 1.22 in the medium-term if the 1.26 level is breached.
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EUR/USD Mid-Day Outlook
EUR/USD edges lower to 1.2666 and intraday bias remains on the downside for 1.2625 support next. 1.2625 from 1.3486 at 1.2484 next. On the upside, above 1.2758 minor resistance will bring recovery, possibly to 4 hours 55 EMA (now at 1.2883) and above. But strong resistance should be seen at 1.2994 to limit upside and bring fall resumption.
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How to Trade the Greek Euro Exit with EUR/USD
Greece is close to leaving the euro-zone in a process that is accelerating rapidly. This rare event, even if highly anticipated, is expected to trigger high volatility and provide trading opportunities.
Here is an explanation about the background, when can it be expected, how markets are likely …
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