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  • Article / Yesterday at 15:06 GMT

    Euro isn't dancing to Mario's tune

    FX Trade Strategist /
    Euro isn't dancing to Mario's tune
    EURUSD and USDCHF are running neck and neck for the title of best-performing currency pairs since last Friday's New York close. The euro rallied this week when traders chose to ignore ECB president Mario Draghi's warnings and focus instead on his rosy economic outlook. Sterling was the only loser this week.
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  • Article / Yesterday at 12:32 GMT

    Crawling towards normalisation

    Head of Trading / The ECU Group plc
    United Kingdom
    Crawling towards normalisation
    The Eurozone has above-trend economic growth, an undervalued currency (against the USD) and underweight positioning particularly from real money and reserve accounts. At the same time, the USD is modestly overvalued and frustrated by lack of progress on growth, inflation and fiscal reform. In the near term, this provides a supportive backdrop for an extension of the EURUSD rally.
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  • Squawk / Yesterday at 9:29 GMT
    Technical Analyst in Financial Market / commoditymarket2008 Advisory Services
    Forex USDCHF Trading View: now having support zone 0.9440 & recent low 0.9492, below holding means 0.9390 & 0.9323 easily looking other wise again rise up to 0.9565 & 0.9630...
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  • Squawk / Yesterday at 6:01 GMT
    Analyst / PIA First
    United Kingdom
    EURUSD - Intraday - We look to Buy at 1.1573 (stop at 1.1543)

    Trades at the highest level in 99 days. Broken out of the wedge formation to the upside. The formation has a measured move target of 1.1615. The 261.8% Fibonacci extension is located at 1.1626 from 1.0348 to 1.0836. The medium term bias is neutral. Yesterday's Marabuzo is located at 1.1576. Previous resistance at 1.1582 now becomes support. Bespoke support is located at 1.1571. Preferred trade is to buy on dips.
    Our profit targets will be 1.1625 and 1.1650

    Resistance: 1.1626 / 1.1650 / 1.1714
    Support: 1.1580 / 1.1570 / 1.1482
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