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EUR/USD: dollar grinds higher, fresh year low

EURUSD chart

The greenback keeps grinding higher against most rivals, broadly firmer across the board: the EUR/USD below the year low posted last week at 1.3420, accelerating south early US session, and with the hourly chart showing an increasing downward momentum, as price finally moves away...

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Current Trading Positions

EURUSD Order Entry SL TP
AceTrader SHORT LMT @1.3438 1.3458 1.3396
AUDUSD Order Entry SL TP
RoboForex SELL LMT @0.9389 0.9470 0.9280
EURGBP Order Entry SL TP
RoboForex SHORT LMT @0.7910 0.7940 0.7813
EURAUD Order Entry SL TP
Trading Analysis SELL LMT @1.4325 1.4385 1.4205
EURCHF Order Entry SL TP
Swissquote Bank SA LONG LMT @1.2329 1.1998 1.2660

Macroeconomics

TradeTheNews.com Staff

Volatility Returns thanks to Earnings, Geopolitics

Trading has been volatile this morning as participants react to a variety of positive and negative earnings reports out of major names, the EU sanctions on Russia...

EUR slides limited, GBP to extend consolidative range

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.3389 1.3435 1.3270
GBPUSD 1.6965 1.7021 1.6970
USDJPY 101.86 102.25 103.82
USDCHF 0.9064 0.9059 0.9198
AUDUSD 0.9357 0.9280 0.9171
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.0794 1.0803 1.0942
NZDUSD 0.8539 0.8601 0.8521
GBPJPY 172.65 173.83 175.71
EURJPY 136.62 137.10 138.30
EURGBP 0.7876 0.7843 0.7793

EUR/USD downside limited by critical 1.3000: bears may be in charge, but sentiment is not enough to start thinking of a stronger long term slide.

GBP/USD bulls’ hopes lost: Pound sub 1.70 against the greenback, fueled bearish potential for GBP/USD seen mostly under pressure for t the upcoming month.

USD/JPY bulls still dominating the pair: pressure eased over the USD/JPY, with bulls again been a strong majority in the short and longer view.

AUD/USD red, red and more red ahead: despite its latest strength, market players are sitting in the selling side of the pair, seeing levels of 0.90 and below for next quarter.

EUR/JPY probable bottom underway: the EUR/JPY is expected to maintain the range next week, but return north afterwards.

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Most Traded Pairs Now


Pair Price Hour Day Week Month
USDCAD 1.0864 0.05 0.59 1.17 1.88
EURUSD 1.3410 0.00 -0.21 -0.42 -1.75
AUDUSD 0.9382 0.05 -0.29 -0.14 -0.45
USDJPY 102.14 -0.01 0.29 0.66 0.71
GBPUSD 1.6935 -0.01 -0.28 -0.76 -0.60