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Forecast and technical analysis EURUSD on August 08, 2016. Euro reviving after Friday’s weakening.

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The euro/dollar on Friday closed down. The USD strengthened on strong US labour market data. The amplitude of the price fluctuations was a full figure because of the news. Job creation outside the agricultural sector in July increased 255k against a 180k forecast. The numbers for the two previous months were reassessed upwards. May rose from 11k to 24k and June rose from 287 to 292. This is a total reassessment rise of 18k.

Forecast and technical analysis EURUSD on July 1, 2016. Euro Expected to Strengthen.

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The downward correction on Thursday went deeper than expected. After a renewal of the session maximum, the euro corrected to 1.1024 (forecasted: 1.1070). A sharp rebound was caused by a weakening of the pound after the BoE’s Mark Carney spoke. He promised to loosen UK monetary policy after summer.

Forecast and technical analysis EURUSD on June 30, 2016. Euro Risks Falling to 1.1070.

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The rise in the stock markets and the price of oil on Wednesday facilitated a strengthening of the commodity currencies and, via them, the euro. The price of Brent again surpassed the psychological $50.00 per barrel level. A complex correctional formation has formed for the euro/dollar on the hourly. It will last a while whilst it’s not completed on the daily timeframe where it has only just begun.

Forecast and technical analysis EURUSD on June 27, 2016. Peak of Volatility Passed After Brexit, Extended Flat Awaits.

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After the Brexit vote the euro/dollar fell five figures (-4.51%) to 1.0911. As soon as the official results of the voting were out for all to see, the currency market began a correction phase. The referendum has been and gone. The peak of volatility has passed and now an extended flat awaits. The rebound was 277 points. It’s not bad for a start. Now the price needs to return to the LB which passes through 1.1208.

Short-term Trading Idea: FX USD/CAD – Bull Speculation: Expected Growth to 1.3288 – 1.3397 Zone

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Trading opportunities for currency pair: After the UK referendum, the USDCAD tested the solidity of the trend line. The target zone is 1.3288 – 1.3397. The upper line of channel one passes through it. We just need to wait for the price to strengthen above channel 2 and the trend line. Growth to cancel with a close of the day’s candle below 1.2654. Putting a stop above here would be useless.

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