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EURUSD moves to a new session high.

“The EURUSD has extended its trading range with a move to new session highs” reports forexlive.com. The new high is not saying that much seeing the range into the day was only 22 pips.If long, you don’t want to see the price moved back below that yellow area.That is well below the norm over the last month of trading at around 76 pips. Source: forexlive.com Share This:

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USD: Set To Remain Bid On Trade War; EUR/USD Vulnerable To Slide Towards 1.15 – Danske

“This has changed the impact of trade tensions on, notably, the USD. Near-term, the scorecard highlights the case for USD support if the trade dispute escalates” writes Yohay’s Google Profile for forexcrunch.com. For lots more FX trades from major banks, sign up to eFXplus By signing up to eFXplus via the link above, you are directly supporting Forex Crunch.While EUR/USD could slide towards 1.15 on this, we do not see much further downside in the cross than that from the ECB already being dovishly priced and the Fed increasingly alert to the negative…

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EUR/USD Bulls Resurface in US Trading

“EUR/USD pared early day losses during the U.S. and European overlap on Tuesday, after briefly trading below the 1.1700 handle” writes Jignesh Davda for investopedia.com. For the inversely correlated U.S. dollar index, support is seen at 94.10.The pair has been weighed down by a stronger dollar since Monday but has erased the bulk of today’s early day losses and has held above support. Source: investopedia.com Share This:

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BNPP revises lower end-2018 forecasts for EUR/USD and GBP/USD

“The firm cuts its EUR/USD forecast to 1.24 from 1.28 previously, while the GBP/USD was cut to 1.41 from 1.45 previously” reports forexlive.com. Anyway, here are what the other firms are forecasting for EUR/USD in case you’re interested (BNPP forecast still reflects the old one):. Not much of a surprise as more and more firms have been scaling back on their EUR/USD forecast in recent times.This of course are forecasts for the end of 2018 or Q4 2018. Source: forexlive.com Share This:

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EUR/USD Forecast June 25-29 – Recovering is hard, inflation eyed now

“The last week of June features inflation figures, the EU Summit, and other events” writes Yohay’s Google Profile for forexcrunch.com. Our latest podcast is titled Festive Fed, Dovish Draghi, and a global trade war Follow us on Sticher or iTunes. EUR/USD remained depressed in the week, this time more due to trade than to Draghi’s words. Source: forexcrunch.com Share This:

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Markets News Regulators 

Markets play the waiting game ahead of ECB meeting

“Sterling is still the lead gainer on the day after the beat in the retail sales data but has fallen a little with cable now trading at 1.3428 after failing to hold a break above the resistance level at 1.3441 highlighted here The dollar meanwhile has been on the back foot since the start of the session and has only lost further ground – albeit a little – as the session progressed” reports forexlive.com. The euro is still holding up well and steady ahead of the ECB later, and should…

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News Regulators 

EUR/USD Forecast June 11-15 – ECB looks to exit, but trade wars weigh

“The ECB decision is left, right, and center in a busy week in the shadow of frictions around global trade” writes Yohay’s Google Profile for forexcrunch.com. The worsening relations between the US and the rest of the world around trade are set to take their toll and it is not priced in. Our latest podcast is titled Truce in trade and dollar domination Follow us on Sticher or iTunes.  Source: forexcrunch.com Share This:

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