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  1. GBPUSD’s rise extends to 1.5875

    by , 01-31-2013 at 09:48 PM (Free Forex Market Analysis)
    GBPUSD’s rise from 1.5674 extends to as high as 1.5875. The pair is now facing 1.5900 key resistance, a break above this level will indicate that the downtrend from 1.6339 has completed, then another rise towards 1.6500 could be seen. However, as long as 1.5900 resistance holds, the rise from 1.5674 would possibly be consolidation of the downtrend, and another fall to 1.5500 to complete the downward movement is still possible.



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  2. EUR/USD Steady After US GDP Disappoints, Fed Maintains Course

    by , 01-31-2013 at 08:58 AM
    [COLOR=#444444][FONT=Arial][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] is steady, as the pair was trading in the mid-1.35 range. In the US, the GDP release looked awful, posting its first decline since 2009. The Federal Reserve wrapped up its policy meeting, and said that QE3 would continue. Thursday is another busy day, with a host of economic releases. In Germany, Retail Sales declined, but the Unemployment Change was very sharp. Today’s key release is US Unemployment Claims.[/B][/FONT][/COLOR]
    [COLOR=#444444][FONT=Arial][B]EUR/USD Technical[/B][/FONT][/COLOR]

    [LIST][*]Asian session: Euro/dollar was quiet, reaching a high of 1.3585. The pair consolidated at 1.3555. ...
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  3. USDCHF’s downward movement extends to 0.9093

    by , 01-30-2013 at 11:05 PM (Free Forex Market Analysis)
    USDCHF’s downward movement from 0.9388 extends to as low as 0.9093. The pair is now facing 0.9083 previous low support, a breakdown below this level will indicate that the longer term downtrend from 0.9971 (Jul 24, 2012 high) has resumed, then further decline towards 0.8500 could be seen. Initial resistance is at 0.9150, and the key resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance could bring price back to 0.9400 zone.



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  4. EUR/USD Improves Positions Ahead of Key US Data, Fed Decisio

    by , 01-30-2013 at 05:48 AM
    [COLOR=#333333][FONT=Georgia][B][URL="http://www.forexcrunch.com/category/forex-weekly-outlook/eur-usd-outlook/"]EUR/USD[/URL] continues to move higher, as the pair broke through the 1.35 level in late Asian trading on Wednesday. The markets continue to monitor the Federal Reserve policy meeting, which wraps up today. Spanish GDP was a disappointment, dropping to its lowest level since 2009. The Italian 10-year Bond Auction will be released later in the day. In the US, the markets will have their hands full, as there are three key releases - ADP Non-farm Employment Change and Advance GDP and the FOMC Statement.[/B][/FONT][/COLOR]
    [COLOR=#333333][FONT=Georgia][B]EUR/USD Technical[/B][/FONT][/COLOR]

    [LIST][*]Asian session: ...
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