Forecast and technical analysis EURUSD on May 18, 2017.

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EUR/USD: Euro down in the Asian session

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The Euro/dollar rate has closed up for the 4th day in a row. Speculation over the possibility of Donald Trump getting impeached helped the single currency strengthen to 1.1172. Escalating political tensions in the US have induced a slide in bond yields as well as a mass retreat towards safe haven assets. Investors are currently buying gold, Japanese yen and US bonds.

Forecast and technical analysis EURUSD on May 17, 2017.

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EUR/USD: U3 MA line acting as a strong support

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Trading on the Euro again closed up on Tuesday. The pair extended its rally to grow by around 100 pips to 1.1097. Increased demand for the single currency was brought about by a slide in US bond yields, a general weakening of the dollar and the collapse of the resistance range from 1.1000 to 1.1022.

Forecast and technical analysis EURUSD on May 16, 2017.

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EUR/USD: CCI and volumes showing some bearish divergences

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On Monday, trading on the single currency closed up against the dollar. There was an intraday rise of over 0.6%, where the price almost reached the 1.1000 mark. The Euro rally started on Friday after the release of some weak figures for the US. On Monday the 15th of May, growth on the EUR/USD pair was even stronger as commodity currencies strengthened against the dollar. They appreciated in response to a 3.5% bump in the price of oil to 52.58 USD.

Short-term trading idea FX EUR/GBP - bull speculation: expected breakout from the 2-2 channel

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Trading opportunities for the currency pair: At this very moment, the price is located within the 2-2 channel. A beautiful triangular structure has formed from the high at 0.8531. According to my prediction, the price will exit this range and subsequently grow as far as the upper boundary of the 1-1 channel at 0.8590. The case for growth will disappear if the daily candlestick closes below 0.8325.

Forecast and technical analysis EURUSD on May 15, 2017.

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EUR/USD: Monday against Friday

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On Friday the 12th of May, trading on the Euro closed up. Before the US session, the pair was trading within a range of 1.0850 to 1.0880. After the release of US statistics, the Euro strengthened to 1.0934. Although the data was mixed, the overall effect on the dollar was negative. CPI and retail sales figures came out worse than expected.

Forecast and technical analysis EURUSD on May 12, 2017.

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EUR/USD: conditions right for an upwards correction

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The Euro/dollar pair closed slightly down after trading on Thursday. The market closed the daily candlestick at the middle of its intraday range at 1.0866 level. The British pound fell during the European session, bringing the other major currencies down with it after the Bank of England's meeting.

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