Pullback loses traction but fundamentals and techs continue to point lower
Pullback from new 2020 high extended into third straight day but fresh bears are taking a breather after faced headwinds from bids from last week’s low (1.1762) and showing hesitation to clearly break pivotal supports at 1.1820 …
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Dollar’s recovery could extend towards key Fibo barrier at 94.03
The dollar eased from recovery high (93.06) in immediate reaction on better than expected US jobless claims data.
Initial claims for state unemployment benefits were 881K for the week ended on 29 Aug, in comparison to previous week’s…
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Euro extends pullback after failure at 1.20 barrier and eyes key Fibo supports
The Euro extends pullback from new 2020 high on Wednesday (so far down 0.31% since opening today), following strong rejection at psychological 1.20 barrier.
Bulls peaked at 1.2011 but breach was short-lived and subsequent pullback left…
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EURGBP returns to red after brief recovery attempt
The cross hit new nearly three-month low at 0.8905 on Tuesday as pound rallied across the board on fresh weakness of the dollar, while Euro shows strong hesitation at psychological 1.20 resistance.
Monday’s recovery attempts were…
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