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EUR/USD will have a busy week

EUR/USD will have a busy week

Information is not investment advice

With the Federal Reserve’s meeting and the release of Nonfarm Payrolls, EUR/USD is going to have an active week. Last week, it turned down from the 100-day MA and closed below 1.11 on Friday. On Monday, we witness a recovery in the euro. However, sellers will likely re-emerge between 1.11 and 1.1117 (50-period MA on the H4). The downside targets lie at 1.1055 and 1.1035 (50-day MA). Only the rise above 1.1130 will open the way up to 1.1150 and then possibly 1.1185/1.1200.

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

NZD/CHF: earning on volatility

NZD/CHF fell this week as the Swiss franc appreciated versus other currencies. However, the positive market sentiment related to the US-China trade deal helped the pair to find support in the 0.6355 area.

Levels to trade AUD/JPY

AUD/JPY has been recovering from the 74.00 area since the start of January, but met resistance in the 76.00 area.

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USD/CHF may rise a bit

USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.

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