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EUR/USD: nowhere to go until FED

EURUSD chart

The EUR/USD maintains the tight range, having been rejected from 1.2970 daily high. Trading in a 100 pips range for eighth day in a row, the hourly chart shows price hovering around 20, 100 and 200 SMAs, all together in a 10 pips range which reflects the total lack of directional strength, while indicators remain flat around their midlines. In the 4 hours chart price hovers around its 20 SMA while indicators stand in positive territory, also directionless.

Exclusive Analysis

Current Trading Positions

EURUSD Order Entry SL TP
RoboForex SHORT LMT @1.2915 1.3001 1.2817
USDJPY Order Entry SL TP
DeltaStock.com SELL MKT @107.00 107.45 106.00
Pattern Trapper BUY LI >106.93 - -
GBPUSD Order Entry SL TP
Danske Bank A/S SHORT LMT @1.6260 1.6345 1.6052
USDCAD Order Entry SL TP
Growth Aces LONG LMT @1.1040 - 1.1160

USD

Nenad Kerkez

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Macroeconomics

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Corrective time for USD: majors seen advancing next week

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.2991 1.2958 1.2887
GBPUSD 1.6422 1.6474 1.6518
USDJPY 106.39 106.32 108.12
USDCHF 0.9339 0.9354 0.9499
AUDUSD 0.9049 0.9091 0.8973
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.1086 1.1082 1.1176
NZDUSD 0.8173 0.8217 0.8262
GBPJPY 174.56 175.12 178.06
EURJPY 138.90 138.91 140.08
EURGBP 0.7917 0.7871 0.7797

EUR/USD, no consensus over EUR’s fate: Our #fxpoll reflects the high grade of uncertainty over the pair, seen sideways over the upcoming weeks.

GBP/USD nay nay?:Investors don’t expect Scotland to win its Independence, as an overwhelming majority sees the pair bullish short and long term now.

USD/JPY pullback time? Investors are looking for a retracement in the USD/JPY next week, limited above 106.00. Bullish sentiment prevails however, with fresh highs at sight.

AUD/USD some consolidation before more definitions: with the pair at 0.90, market has reached a flatland, expecting the pair to remain sideways this quarter.

EUR/JPY yen weakness outstands: the pair continues to be seen sideways to bullish with practically no room for a slide below 136.00 now.

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EURJPY - Bullish corrective phase in progress by ForexTrading.TV

Most Traded Pairs Now


Pair Price Hour Day Week Month
USDJPY 107.16 0.12 0.01 0.91 4.70
EURUSD 1.2967 -0.02 0.22 0.22 -3.24
USDCAD 1.0983 0.01 -0.64 -0.01 0.79
AUDUSD 0.9094 -0.04 0.72 -1.18 -2.42
GBPUSD 1.6269 -0.06 0.25 1.01 -2.53