EURUSD Looks To Extend Downside Pressure On Sell-Off

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FXTechstrategy
Join date: 2016.05.13
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#16

EURUSD Eyes Upside Pressure On Further Bullishness

EURUSD: The pair followed through higher leaving risk to the upside in the new week. On the down, support lies at the 1.1100 level where a violation will aim at the 1.1050 level. A break of here will aim at the 1.0000 level. Conversely, on the upside, resistance comes in at 1.1200 level with a cut through here opening the door for more upside towards the 1.1250 level. Further up, resistance lies at the 1.1300 level where a break will expose the 1.1350 level. Its daily RSI is bullish and pointing higher suggesting further upside pressure.  All in all, EURUSD faces  further recovery higher. 

 

FXTechstrategy
Join date: 2016.05.13
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#17

GOLD Pushes Higher On Bull Pressure

GOLD: Having held on to its upside pressure, more recovery is envisaged. On the downside, support comes in at the 1,290.00 level where a break will turn attention to  the 1,280.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,270.00 level. Below here if seen could  trigger further downside pressure targeting the  1,260.00 level. Conversely, resistance resides at the 1,310.00 level where a break will aim at the  1,320.00 level. A turn above there will expose the  1,330.00 level. Further out, resistance stands at  the 1,340.00 level. All in all, GOLD looks to recover higher on correction. 

 

FXTechstrategy
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#18

GBPUSD: The pair capped its strength on Monday closing lower. On the downside, support lies at the 1.2350 level where a break will turn attention to the 1.2300 level. Further down, support  lies at the 1.2250 level. Below here will set the stage  for more weakness towards the 1.2200 level. Conversely, resistance stands at the 1.2450 levels with  a turn above here allowing more strength to build up towards the 1.2500 level. Further out, resistance  resides at the 1.2550 level followed by the 1.2600 level. On the whole, GBPUSD threatens further recovery higher but with caution

 

 

FXTechstrategy
Join date: 2016.05.13
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#19

GOLD Risk Turns Lower On Bear Pressure

GOLD: Having rejected higher prices on Monday, further weakness is likely. On the downside, support comes in at the 1,270.00 level where a break will turn attention to  the 1,260.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,250.00 level. Below here if seen could  trigger further downside pressure targeting the  1,240.00 level. Conversely, resistance resides at the 1,290.00 level where a break will aim at the  1,300.00 level. A turn above there will expose the  1,310.00 level. Further out, resistance stands at  the 1,330.00 level. All in all, GOLD looks to recover higher on correction. 

 

FXTechstrategy
Join date: 2016.05.13
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#20

EURUSD Looks To Weaken Further On Bear Pressure

 EURUSD: The pair rejected its intra day gains to close lower on Thursday. This development leaves risk lower in the days ahead. On the down, support lies at the 1.0900 level where a violation will aim at the 1.0850 level. A break of here will aim at the 1.0800 level. Its daily RSI is bearish and pointing lower suggesting further weakness.  Conversely, on the upside, resistance comes in at 1.1000 level with a cut through here opening the door for more upside towards the 1.1050 level. Further up, resistance lies at the 1.1100 level where a break will expose the 1.1150 level. All in all, EURUSD faces  further downside pressure. 

  

FXTechstrategy
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#21

GBPJPY Rallies On Strength With Eyes On The 135.00 Zone

GBPJPY: The cross remains on recovery after rejecting lower level prices on Wednesday. On the downside, support comes in at the 133.00 level where a violation will aim at the 132.00 level. A break below here will target the 131.00 level followed by the 130.00 level. Conversely, resistance is seen at the 135.00 level followed by the 136.00 level. A cut through that level will set the stage for a move further higher towards the 135.00 level. Further out, resistance resides at the 134.00 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, GBPJPY looks to recover further higher. 

  

FXTechstrategy
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#22

USDCHF Faces Further Upside Pressure On Price Rejection

USDCHF: The pair faces further upside pressure after closing higher the past week. On the downside, support lies at the 0.9800 level. A turn below here will open the door for more weakness towards the 0.9750 level and then the 0.9700 level. On the upside, resistance resides at the 0.9900 level where a break will clear the way for more strength to occur towards the 0.9950 level. Further out, resistance comes in at the 1.0000 level. All in all, USDCHF remains biased to the downside on correction. 

 

FXTechstrategy
Join date: 2016.05.13
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#23

EURUSD Looks To Weaken Further With Eyes On 1.0800 Zone

EURUSD: The pair retains its downside pressure as we enter a new week. This development leaves risk lower. On the down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level. Its Daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0900 level with a cut through here opening the door for more upside towards the 1.0950 level. Further up, resistance lies at the 1.1000 level where a break will expose the 1.1050 level. All in all, EURUSD faces  further downside pressure.

 

FXTechstrategy
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#24

GOLD: Risk Remains Lower On Additional Bear Pressure

 GOLD: Having retained its downside pressure, more weakness is likely. On the downside, support comes in at the 1,220.00 level where a break will turn attention to  the 1,210.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,200.00 level. Below here if seen could  trigger further downside pressure targeting the  1,190.00 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 1,230.00 level where a break will aim at the  1,240.00 level. A turn above there will expose the  1,250.00 level. Further out, resistance stands at  the 1,260.00 level. All in all, GOLD looks to weaken further on correction.

 

FXTechstrategy
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#25

GBPUSD: Eyes Further Downside Pressure On Corrective Weakness

 GBPUSD: The pair closed lower on corrective pullback on Monday leaving risk to the downside. On the downside, support lies at the 1.2450 level where a break will turn attention to the 1.2400 level. Further down, support  lies at the 1.2350 level. Below here will set the stage  for more weakness towards the 1.2300 level. Conversely, resistance stands at the 1.2550 levels with a turn above here allowing more strength to build up towards the 1.2600 level. Further out, resistance  resides at the 1.2650 level followed by the 1.2700 level. On the whole, GBPUSD threatens further weakness on correction. 

 

FXTechstrategy
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#26

EURUSD: Halts Weakness On Loss Of Downside Momentum

EURUSD: The pair has halted its weakness and turned higher suggesting further recovery in the days ahead. On the down, support lies at the 1.0700 level where a violation will aim at the 1.0650 level. A break of here will aim at the 1.0600 level. Conversely, on the upside, resistance comes in at 1.0750 level with a cut through here opening the door for more upside towards the 1.0800 level. Further up, resistance lies at the 1.0850 level where a break will expose the 1.0900 level. All in all, EURUSD faces  corrective upside pressure.

 

FXTechstrategy
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#27

EURUSD: Sees Price Extension On Bear Pressure

EURUSD: The pair weakened further the past week leaving risk lower in the new week. On the down, support lies at the 1.0550 level where a violation will aim at the 1.0500 level. A break of here will aim at the 1.0450 level. Its weekly RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance comes in at 1.0650 level with a cut through here opening the door for more upside towards the 1.0750 level. Further up, resistance lies at the 1.0800 level where a break will expose the 1.0850 level. All in all, EURUSD faces  further downside pressure in the new week. 

  

FXTechstrategy
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#28

GOLD: Looks To Decline Further On Bearishness

GOLD: Having the commodity closed lower the past week, further bearishness is envisaged. On the downside, support comes in at the 1,200.00 level where a break will turn attention to  the 1,190.00 level. Further down, a cut through  here will open the door for a move lower towards  the 1,180.00 level. Below here if seen could  trigger further downside pressure targeting the  1,170.00 level. Conversely, resistance resides at the 1,220.00 level where a break will aim at the  1,230.00 level. A turn above there will expose the  1,240.00 level. Further out, resistance stands at  the 1,250.00 level. All in all, GOLD looks to weaken further on correction. 

 

forextips
Join date: 2016.11.11
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#29

EUR/USD today’s Exchange Rate is 1.0610.

 

Our Recommendation:

EUR/USD is going up and is recommended to buy.

 

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FXTechstrategy
Join date: 2016.05.13
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#30

GBPUSD: Recovers Higher With Eyes On 1.2591 Zone

 GBPUSD: The pair closed higher on Monday leaving risk higher in the days ahead. On the downside, support lies at the 1.2450 level where a break will turn attention to the 1.2400 level. Further down, support  lies at the 1.2350 level. Below here will set the stage  for more weakness towards the 1.2300 level. Conversely, resistance stands at the 1.2550 levels with a turn above here allowing more strength to build up towards the 1.2600 level. Further out, resistance  resides at the 1.2650 level followed by the 1.2700 level. On the whole, GBPUSD threatens further weakness on correction.