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Short-term trading idea FX EURGBP – bull speculation: strengthening Euro with a jump to 0.8652 expected

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Trading opportunities for the currency pair: A W-model has formed on the weekly timeframe. Keep an eye on 0.9083 level. Cycles suggest a slide to 0.8652 by 10/07/17, followed by growth to 0.9081 by 15/08/17.

Short-term trading idea FX AUDCAD – bull speculation: price to restore to 1.0327

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Trading opportunities for the currency pair: The price has twice rebounded from the S1 line. Because of this, the Aussie dollar is expected to strengthen against its Canadian counterpart as far as the TL1 line with targets of 1.0211 (high point from the 7th of June) and 1.0327. This scenario will not play out if the daily candlestick closes below 0.9948.

Forecast and technical analysis EURUSD on June 23, 2017.

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EURUSD: Euro has stalled around 1.1140

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On Thursday, trading on the EURUSD pair closed down. The Euro fell against the dollar, but it was a reluctant retreat. US 10Y bond yields didn’t manage to consolidate above 2.166% and fell to 2.145%. In the end, the price rebounded from 1.1139 and returned to 1.1155.

Forecast and technical analysis EURUSD on June 22, 2017.

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EURUSD: correctional movement following same path as on the 15th of June

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The EURUSD pair closed up at the end of Wednesday’s trading. The price has returned below the trend line, which was broken through on the 20th of June. This was brought about by the impact of Andy Haldane’s speech, chief economist at the Bank of England, as well as by US bond yields and US data. The pair spent most of the day in a sideways trend, trading within a 30-pip range.

Forecast and technical analysis EURUSD on June 21, 2017.

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EURUSD: downwards movement expected to continue

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Trading on the Euro closed down on Tuesday. Before the US session, the pair was trading above the support zone of 1.1132/40. The EURGBP cross helped to counter the weakening of the Euro as it sharply rose on comments from Bank of England governor Mark Carney, who iterated that now is not the time to raise interest rates. The British pound has fallen by 155 pips to 1.2603.

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