On July 24th, The EUR/USD was influenced by weaker-than-expected French and German Flash Manufacturing PMIs, coming in at 44.1 and 42.6, respectively, signaling continued contraction in the ...

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EUR/USD Forecast: The 200-day SMA holds the downside…for now

Next on the downside for EUR/USD emerges the important 200-day SMA of 1.0816 before the June low of 1.0666 (June 26). The breach of the May low of 1.0649 (May 1) could open the door to a probable ...

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EUR/USD Forecast: Limited bullish potential in a risk-averse environment

The EUR/USD pair extended its slide to 1.0824 on Wednesday, finally finding buyers in the area. The pair bounced towards the current 1.0850 price zone as the US Dollar came under modest selling ...

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Euro (EUR/USD) Weakens After German PMIs Disappoint, Rate Cut Expectations Rise

Financial markets are also suggesting another 25 basis point cut at the December meeting. EUR/USD is slipping lower and is heading towards a cluster of simple moving averages sitting between 1.0812 ...

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EUR/USD, GBP/USD, DXY Price Forecast: DXY Nears $104.50; Triangle in Play

The GBP/USD is trading at $1.28958, down 0.14%. On the 4-hour chart, the pivot point is $1.28997. Immediate resistance levels are $1.29417, $1.29791, and $1.30269. Support levels are $1.28555, ...

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