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EUR/USD testing longer term trendline
Reaction to otherwise firm U.S. inflation report was somewhat a surprise. Risk sentiment improved this week and we seem to have returned to the previous regime where the dollar is used as a funding currency, despite rising interest rates. EUR/USD appears ready to break above the longer term trendline.
AUD/JPY
Technical Indicator used: horizonta/verticall lines
support and resistence
Ema 200 / 100 / 50 / 20
Weekly trend, monthly trend down, the pair has corrected up to the ema 200, the ema 200 acts as resistence at the moment. Atr falling, the pair will stay in sideways move.
Weekly chart:
Monthly Chart:
support and resistence
Ema 200 / 100 / 50 / 20
Weekly trend, monthly trend down, the pair has corrected up to the ema 200, the ema 200 acts as resistence at the moment. Atr falling, the pair will stay in sideways move.
Weekly chart:
Monthly Chart:
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