News 

EUR/USD slides to session low as sellers look to regain near-term control

“The euro is hitting a five-day low against the dollar at the moment as the weight of the poor German annual growth last year is starting to feed into the currency” reports forexlive.com. There’s a theme of broader dollar strength running across the board as well with the greenback paring earlier declines against commodity currencies too. Source: forexlive.com

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Boring….Yes, but the EURUSD remains between MA support/resistance

“The price of the EURUSD is nearer recent highs but efforts to break above the 100 day MA has been met with a muted response and subsequent falls back down” reports forexlive.com. Looking at the hourly chart below, the low today did stall at a trend line connecting the recent lows.That trend line currently comes in at 1.1439 (and moving higher).The current price is trading at 1.14587. Source: forexlive.com

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News Regulators 

EUR/USD falls back to reality as the mood sours

“Alongside some optimism, the US Dollar initially saw it as a hawkish hike and advanced while shares fell” writes Yohay’s Google Profile for forexcrunch.com. And then the narrative changed: while shares continued suffering on the balance sheet reduction, the USD dropped on the dovish hike.While the week, month, and year draw to a close, the volatility will likely continue. Source: forexcrunch.com

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News 

EUR/USD pushes to session high as the greenback slips across the board

“Price is now threatening to move above the 100-hour MA (red line) as the dollar is losing some ground against the rest of the major currencies bloc” reports forexlive.com. But as mentioned earlier, price is still sitting in the ‘comfort zone’ between 1.1300 and 1.1400 currently and there’s not much to read into the price movement in this region. Source: forexlive.com

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Markets News Regulators 

EUR/USD buyers look to retain near-term control ahead of ECB decision, Draghi

“There’s also additional support from the 200-hour MA (blue line) @ 1.1364 for any secondary line of defense for buyers ahead of the ECB decision and Draghi’s presser later” reports forexlive.com. EUR/USD was trading steadily around 1.1380 levels before the headline here briefly brought it lower to 1.1367.But price is finding some support at the lows for the day as buyers are leaning on the 100-hour MA (red line) @ 1.1371 to keep up the near-term bullish bias in the pair.As long as the ECB and Draghi maintain that they…

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