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EUR/USD: gaining bullish track watch 1.1365

EURUSD chart

Despite the day was fulfilled with fundamental data both shores of the Atlantic, the EUR/USD seems unable to gain directional strength, contained within yesterdays’ range. Trading slightly higher, the common currency was hardly affected by news German inflation fell for the first time in 5 years, confirming local deflation.

Exclusive Analysis

Current Trading Positions

EURUSD Order Entry SL TP
Forex Watchers BUY LI >1.1253 - -
RoboForex SHORT LMT @1.1231 1.1501 1.0742
Growth Aces LONG LMT @1.1300 1.1240 1.1550
USDCAD Order Entry SL TP
Growth Aces BUY LMT @1.2400 1.2320 1.2720
EURCHF Order Entry SL TP
Growth Aces LONG LMT @1.0160 1.0230 1.0650

USD

Kathleen Brooks

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Denmark shocked the markets again today and cut its deposit rate even deeper into negative territory. The rate is now -0.5% from -0.35%, which is the...

Macroeconomics

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DN cuts for a third time in less than two weeks

Danmarks Nationalbank (DN) is cutting the certificates of deposits (CD) rate by15bp to an historical low minus 0.50%. The rate cut follows FX interventionpurchases. ...

Dollar recoups its crown, EUR to plummet below 1.10

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.1172 1.1176 1.1145
GBPUSD 1.4943 1.4669 1.4896
USDJPY 117.50 117.65 120.01
USDCHF 0.8815 0.8866 0.9062
AUDUSD 0.7879 0.7854 0.7769
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.2479 1.2476 1.2512
NZDUSD 0.7406 0.7424 0.7367
GBPJPY 175.77 170.49 175.77
EURJPY 130.46 130.80 131.95
EURGBP 0.7406 0.7346 0.7423

EUR/USD pricing in further falls: investors no longer see 1.10 as a final objective, with targets as low as 1.0600 seen for this quarter.

GBP/USD bears gain track after 1.50 capitulated: investors now favor the downside, with the pair expected to fall towards 1.4600 in a month.

USD/JPY 120.00 still possible despite the lack of momentum: investors hold to their sideways to bullish positions in the pair once more.

AUD/USD bearish momentum accelerates: Aussie lost its charm alongside with the 0.8000 level, seen bearish from now on.

EUR/JPY all the way down: EUR weakness to dominate the cross, seen at 130.00 and below in this upcoming 3 months.

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Jan 29, 14:58 GMT

GBPUSD - Fibonacci retracement 38.2% on the test by ForexTrading.TV

Most Traded Pairs Now


Pair Price Hour Day Week Month
AUDUSD 0.7731 0.00 -2.03 -3.60 -4.98
EURUSD 1.1306 0.00 0.20 -0.48 -7.18
GBPUSD 1.5039 0.00 -0.67 0.21 -3.06
USDCAD 1.2649 0.00 0.99 1.98 8.77
USDJPY 118.38 0.00 0.67 -0.15 -1.66