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EURo opens flat

After three consecutive weeks of opening gaps - all of them were to the downside - Euro finally opened in regular fashion. To be precise, the pair gapped up two pips but that's a part of normal fluctuations.
The pair just broke below Previous Week Low and May low (1.0819) is the next one in line before 1.08 (Daily Support 1, 00's). On the upside, initial resistance sits between 1.0840 and 1.0860 (High Of Day, 50's, Daily Pivot Point).
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EURo heavy again

After it became clear that the Greek Bailout Vote will have ended with "No", Euro gapped down 120 pips at the open. There was no follow through and the pair reversed shortly thereafter. Gap-closing rally ran out of steam soon after London opened for business.
The pair is currently hanging just above 100 DMA (~1.1040) which coincides with the March/April range top. Closing below it would imply further losses in the days ahead. Next layer of support comes in between 1.0945 and 1.0955 (Previous Wee…
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USD/JPY awaits NFP

It feels a bit odd to have the monthly US jobs report released on Thursday, but due to the Independence Day observance (Bank Holiday) tomorrow, it had to be moved. As is usual, the headline Non-Farm Employment Change will be the one that the market will move on initially and after better than expected ADP Non-Farm Employment Change yesterday (237K vs. 219K expected and 203K previous) the odds are that we'll get strong number today too.
USD/JPY stalled ahead of the Weekly Pivot Point (123.60) tod…
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