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Author Archives: Forex Crunch

EUR/USD upside has its limits

The EUR/USD advanced on the greenback’s weakness following the relative dovishness of Fed Chair Powell’s speech. Can it continue higher? The Technical Confluences Indicator shows that the pair has an area of struggle at 1.1673 which is the convergence of the Simple Moving Average 5-4h, the ...

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EUR/USD after the rally: further gains or a downfall?

EUR/USD advanced towards 1.1700 on US Dollar weakness following the Jackson Hole speech by Jerome Powell. What’s next? Here are two opinions. Here is their view, courtesy of eFXdata: Poised To Test 1.17 But Prefers EUR Upside Exposure Via Options ...

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EUR/USD recovers lost ground, looking bullish

The EUR/USD kicked off the week with a retreat from the highs. Markets are still digesting Powell’s words at Jackson Hole. The technical picture is bullish for the pair. The EUR/USD is trading around 1.1600, slightly lower on the day. Movements are ...

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GBP/USD remains under pressure despite the recent recovery

The GBP/USD managed to recover on Powell’s relatively dovish words on Friday, but a recovery will be hard to stage. The Technical Confluences Indicator shows that cable faces a dense cluster of resistance levels at around 1.2862. This includes the Bolinger Band 15m-Middle, ...

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