USDJPY sharply dropped from 89.97

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AUDUSD - Support level still holds bears side from further falling. At the moment a rebound back to resistance is expected.

EURUSD - Look for selling options below support level. However according to previous bullish movement – recovery is possible. At the moment waiting action remains.

EURGBP - While resistance and support levels stay active, upside and downside bouncing near support/resistance is possible.

NZDUSD - Significant support level remains active. Despite the current neutral situation, bearish side is stronger for now.

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EURUSD Technical Analysis

Support and resistance level stay at the same levels, however bulls are heading towards resistance barrier. While trend line is not broken, bears are in safer area, however it looks like bulls are going for another attempt to test resistance barrier. Confirmation of resistance breakout is needed in order to initiate stronger bulls movement. Waiting action is better to take for now.

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[Investija.com]

EURUSD rebounded from resistance barrier

Support level at 1.3461 still remains active, this barrier holds bears from further extension of current negative trend. Near support level narrow trading range is expected. Such situation can initiate another rebound back to resistance barrier and breaking trend line. However, despite current moves, waiting action remains with selling options.



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EURUSD rebounded back to resistance level

Bulls did manage to recover the price back to significant resistance barrier at 1.3646. While this level holds, previous positive bulls movement has limits. Despite the broken trend line, negative situation remains active for now. However, above resistance at 1.3646 bulls can overcome bears side. Look for possible resistance breakout to confirm bulls movement.



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NZDUSD has slided below support level

AUDUSD - Bulls side is in danger below support barrier, waiting action remains for now.

EURUSD - Neutral situation is valid for this pair. Support level is a barrier which can hold bearish movement. In this situation bulls can hope to rebound back to resistance.

EURGBP - Very boring situation, while resistance and support levels stay valid – waiting action remains.

NZDUSD - Look for short term selling opportunities below support level. Bears can get more confidence under support barrier.

USDCAD - Low trading range continues between support and resistance. Waiting action holds for now.

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[Investija.com]

EURUSD bears declined the price

Bulls did manage to breakout by resistance level, however bears overcome bulls side and slided once again below resistance barrier. While candles remain between support and resistance, bears can feel more confident. Despite this action, bulls showed first signs of recovery. Waiting action remains now, with short term selling possibilities.



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[Investija.com]

EURUSD bulls are testing resistance level

Bulls once again are heading towards resistance level at 1.3701, price still remains within formed positive channel. While candles stay in a channel, further climbing and a breakout of resistance barrier is expected. Waiting for a possible breakout at 1.3701 significant barrier. Otherwise, a potential breach to the bottom from a channel can initiate a rebound back to support barrier. Waiting action still remains.




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