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Today’s Market Outlook

Today’s Market Outlook

Nov 28, 2014

The Euro lost traction after failing to sustain gains above pivotal 1.25 barrier, as subsequent two-legged reversal off fresh 1.2530 high, fully retraced the upleg from 1.2440 higher low 26 Nov. Yesterday’s bearish Inside Day and formation of hourly failure swing, extended pullback through bull-trendline off 1.2360, to dip...

EUR/USD Consolidates Above Weekly PP

EUR/USD Consolidates Above Weekly PP

Nov 28, 2014

The EUR/USD went down to the levels seen on Tuesday of this week, as the weekly R1 at 1.2532 was able to push the shared currency to the downside. At the moment the cross is hovering just above the weekly pivot point; however, it is likely to be crossed. According

GBP/USD Drops Below 1.5750

GBP/USD Drops Below 1.5750

Nov 28, 2014

It seems that a resistance area, represented by monthly S1 and weekly R2 around 1.5810 was strong enough to push the Cable to the south on Thursday. The cross fell below the weekly R1 at 1.5725, but managed to close the trading day slightly above this level. Despite that,...

USD/JPY Returns Above 2007 Oct High

USD/JPY Returns Above 2007 Oct High

Nov 28, 2014

After a short-term recovery of the Japanese yen, this currency fell again, as the USD/JPY currency pair returned back to hover above the 2007 Oct high around 118. This year's high is located just below the next major level at 118.97. Judging from technical indicators on a daily chart,...

Demand At 0.96 Pushes USD/CHF To Trade Higher

Demand At 0.96 Pushes USD/CHF To Trade Higher

Nov 28, 2014

USD/CHF bounced from the major level at 0.96 and inched higher on Thursday, but it is still capped by a resistance at 0.9645, represented by weekly pivot point. Nevertheless, we expect the cross to overcome this level and climb up to 0.9740 (2014 high) in the medium-term. This scenario...

Technical Analysis for Major Currencies

Technical Analysis for Major Currencies

Nov 28, 2014

The pair dropped and failed to stabilize above 1.2500. Breaching again the referred to level and stabilizing above it is required to confirm the downside move targeting 1.2585 and 1.2620. while breaking 1.2490 and stabilizing below it favors extending the downside move targeting the key support level 1.2360. If...