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EUR/USD: bearish below 1.2440

EURUSD chart

The EUR/USD found intraday support in a better than expected German IFO number, showing local confidence rose above expected after the tepid GDP growth in the country; nevertheless, the pair’s recovery stalled so far at 1.2414 daily high, having been lifeless after the news.

Exclusive Analysis

Current Trading Positions

EURUSD Order Entry SL TP
JarrattDavis.com SELL LMT @1.2425 1.2465 -
Forex Watchers BUY LI >1.2360 - -
Danske Bank A/S SELL LMT @1.2435 1.2507 1.2289
USDCHF Order Entry SL TP
Danske Bank A/S BUY LMT @0.9650 0.9605 0.9818
EURJPY Order Entry SL TP
Danske Bank A/S SELL LMT @146.74 148.05 144.32

USD

Ondrej Kriz

Analysis of EUR/USD, GBP/USD, USD/JPY, Gold according to Elliot's wave principle

EUR: The European Central Bank (ECB) is ready to expand its efforts of supporting the Euro-zone economy. Most recent measures of the ECB...

Macroeconomics

Kenny Fisher

Gold Starts Week Close to $1200

Gold has posted modest gains on Thursday, recovering losses sustained a day earlier. The spot price is trading at $1196 per ounce in the European session....

The war is in every single pip; EUR/USD, GBP/USD and USD/JPY in range

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.2404 1.2357 1.2229
GBPUSD 1.5668 1.5642 1.5724
USDJPY 117.73 117.30 117.13
USDCHF 0.9687 0.9765 1.0256
AUDUSD 0.8661 0.8627 0.8597
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.1246 1.1294 1.1317
NZDUSD 0.7845 0.7763 0.7696
GBPJPY 183.71 183.51 185.92
EURJPY 145.31 145.40 144.88
EURGBP 0.7883 0.7842 0.7769

Not a lot of faith for a rebound in the EUR/USD: FXpoll participants do not believe that dollar will lose ground in the short or medium term.

No mercy for Pound: At least in the short term FXpoll participants observe a GBP/USD at minimum.

Not so fast for the USDJPY: It seems that the pair will remain close to 117.00 for at least the next three months.

You thought something different in the AUDUSD? The Aussie will remain weak and it seems that the situation will not change in the short or medium term.

The anti-euro environment is pressuring the EUR/JPY: Forecasters don't expect rallies in the middle term.

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Nov 24, 14:02 GMT

EURCAD drops for a ninth consecutive month by ForexTrading.TV

Most Traded Pairs Now


Pair Price Hour Day Week Month
USDJPY 118.42 0.11 0.43 1.69 9.49
GBPUSD 1.5682 -0.01 0.19 0.27 -2.53
EURUSD 1.2418 0.01 0.36 -0.26 -1.99
USDCAD 1.1256 0.05 0.16 -0.36 0.22
AUDUSD 0.8619 -0.10 -0.69 -1.03 -1.95