Near-term focus turns lower after recovery stalled under falling 20DMA
				Fresh bearish extension on Tuesday after recovery was repeatedly rejected under falling 20DMA, retraced over 50% of 1.2015/1.2175 recovery phase and also probes below 10DMA (1.2099), close below which would signal an end of recovery phase…					
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Bears focus key 1.10 support but may consolidate further before final attack
				The Euro stands at the back foot in early European trading on Tuesday and pressuring Friday’s low at 1.1066, following strong recovery rejection at 1.11 zone and Monday’s bearish close, which marked the fifth straight daily close in red.…					
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Bulls struggle at key Fibo barrier
				The pair stands at the front foot for the third straight day and tests again pivotal Fibo barrier at 106.68 (38.2% of 109.31/105.05 bear-leg, which repeatedly limited recovery attempts in past two weeks.
Formation of 5/10DMA’s bull-cross…					
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Rising risk of recovery stall under 20DMA
				Cable eases on Monday, following double rejection just under falling 20DMA (1.2185) and signaling that recovery action from new 2 ½ year low at 1.2015 (12 Aug) might be running out of steam.
Last week’s bullish close, the first after four…					
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Bears remain in play while 20DMA caps recovery
				The Euro rebounds modestly in early Monday’s trading following nearly 1% fall last week that hit 2-week low at 1.1066 on Friday.
Recovery is signaled by reversal of deeply oversold daily stochastic and Friday’s hammer candle, but faces…					
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Aussie falls to eight month low on China tariffs; US NFP data next
				The US dollar fell against safe-havens and rose against other currencies on news about new tariffs on goods from China, with Australian dollar being the top loser among major currencies.
The pair hit new eight-month low in extension of…					
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Oil is consolidating after falling nearly 6% on fears of new China tariffs
				WTI oil price is consolidating above new six-week low at $53.58, posted after nearly 6% fall on Thursday.
Oil was already under pressure after hawkish Fed on Wednesday that boosted dollar and sold after President Trump’s tweet above more…					
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Yen extends advance and pressures key support ahead of US jobs report
				The pair falls further in early Friday’s trading and pressuring key short-term support at 106.78 (25 June low) following 1.31% fall on Thursday (the biggest one-day loss since 17 May 2017).
Message from President Trump that the US would…					
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Cable is holding near 31-mth low and awaiting BoE for fresh signals
				Cable is holding near new 31- month low at 1.2100, posted earlier today and awaiting news from BoE’s policy meeting today.
Recovery attempt on Thursday stalled at 1.2249 and pound fell quickly after Fed cut rates in expected action but…					
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Extension of post-Fed fall pressures psychological 1.10 support
				The Euro fell to the lowest levels in over two years against dollar in early Thursday’s trading, in extension of strong post-Fed fall on Wednesday, when the pair was down 0.72%.
The single currency was hit by hawkish stance from the Fed,…					
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