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EURUSD keeps the positive tone

EURUSD keeps the positive tone and today with the pair making an attempt to break above the 50 day moving average which will give the upper hand to bulls at least for the short term. On the downside a break below the 1.17 level will scary buyers away and it is possible to test the support at 1.1660 On the macroeconomic front German Gross Domestic Product (GDP) matched analysts estimates at 0.3% for the first quarter of 2018, a figure that definitely can not inspire the buyers.
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EURUSD

For one more week the EURUSD was under selling pressure, despite the fact that the US NFP data came in lower for this month as well though the figures were revised higher for the last month. EURUSD hit the weekly low at 1.1910, it started the week from around 1.21 area. The Euro has been in a bearish mood since mid-April, and this week broke below the important 200 day MA just to turn the longer momentum also to bearish.
First support for the EURUSD is the Friday’s low at 1.1910 then at 1.1817 a…
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EURUSD

EURUSD made the correction that i was waiting for today and went back to 1.22, which proved a support line, and attracted some buyers that have missed the recent rally. As the bullish momentum is still intact bids drive the price up to 1.2230 and now is trying to regain the 50h MA at 1.2240, which will add more buyers to the game.
Keep calm and trade responsibly....
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EURUSD

EURUSD made the correction that i was waiting for today and went back to 1.22, which proved a support line, and attracted some buyers that have missed the recent rally. As the bullish momentum is still intact bids drive the price up to 1.2230 and now is trying to regain the 50h MA at 1.2240, which will add more buyers to the game.
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EURUSD

EURUSD keeps the positive momentum today for third day as EUR relief came from Catalunia president. Short term bullish is well intact as the pair trades above the hourly averages and now is testing the 50 day moving average, a break above will give the bulls the upper hand targeting 1.1862.
Keep calm and trade responsibly...
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EURUSD

EURUSD is trading higher for third day after it managed to find support at 1.1695. The pair has broken above the 50h MA today and reached the 100h MA at 1.1738. EUR was very strong today against USD despite strong NFP data. For now next resistance is at 1.1830, support could be found at 1.1695 (low Oct 3) and 1.1662 (low Aug 17). I am watching short term action closely as the bullish momentum on the daily chart is still intact, but I believe reading the short term signals suggest for a move to 1…
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EURUSD

EURUSD is trading higher for second day after it managed to find support at 1.1695. The pair has broken above the 100h MA and reach today 1.1779. I will stay long as long as the pair is trading above 1.1762. For now next resistance is at 1.1830, support could be found at 1.1695 (low Oct 3) and 1.1662 (low Aug 17). Keep calm and trade responsibly...
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EURUSD

EURUSD is trading again lower today after rising political risk in Europe. The pair turn to negative momentum this week after breaking below the 1.1874 level. I will remain short as long as EURUSD trades below the 50h MA targeting 1.1715 level. On the upside I will be cautious if the pair regain 1.18 level.
Keep calm and trade responsibly...
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EURUSD

EURUSD continue it's correction today after ECB comments last week, and broke below the 50h MA first which cross at 1.2022 and then also broke below the 1.20 psychological mark. The bullish scenario is still intact but some further profit taking can not be ruled out, a break below 1.70 can drive the pair back to 1.1910.
Keep calm and trade responsibly...
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EURUSD

EURUSD looks like it will setlle around 1.20 after a very volatile trading day as traders turn their attention to Draghi's speech. The pair hit the daily high at 1.2058 just to return below 1.20 after the ECB announcement which add almost nothing new to the expectations. I am still bullish above 1.20 a drop below will make me cautious but not bearish, as the 1.19 level acts as a strong support.
Keep calm and trade responsibly....
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