Category Archives: Forex News

Forex: EUR/USD: Euro dropped to 1.3165 support level

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Forex: EUR/USD: Euro dropped to 1.3165 support levelFITITOL–>FXstreet.com (Barcelona) – The Euro has been the weakest performer in Asian session, risk aversion arisen on concerns of a grim corporate earnings season in the U.S, has driven the Euro 0.64% down so far from the opening price at 1.3265 to support level at 1.3165.

On the downside, below 1.3165, the Euro could find support at 1.3115 (Mar 30 low) and below here 1.3070 (Mar 16 high) and 1.3030. On the upside, rebound at 1.3065 could face resistance at 1.3225/40 ahead of 1.3300, and above here, 1.3320/25 and 1.3340.

EUR/JPY has also dropped sharply; 1.57% down in Wednesday’s Asian session, from opening price at 133.37 to a low at 131.55. Support levels come at 131.20/00 and below here 130.35 and 129.85. On the upside, the Euro could find next resistance levels at 133.00, and above here, 133.80/00 and 134.70/75.

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Forex: EUR/USD: Euro dropped to 1.3165 support level

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Forex: EUR/USD: Euro dropped to 1.3165 support levelFITITOL–>FXstreet.com (Barcelona) – The Euro has been the weakest performer in Asian session, risk aversion arisen on concerns of a grim corporate earnings season in the U.S, has driven the Euro 0.64% down so far from the opening price at 1.3265 to support level at 1.3165.

On the downside, below 1.3165, the Euro could find support at 1.3115 (Mar 30 low) and below here 1.3070 (Mar 16 high) and 1.3030. On the upside, rebound at 1.3065 could face resistance at 1.3225/40 ahead of 1.3300, and above here, 1.3320/25 and 1.3340.

EUR/JPY has also dropped sharply; 1.57% down in Wednesday’s Asian session, from opening price at 133.37 to a low at 131.55. Support levels come at 131.20/00 and below here 130.35 and 129.85. On the upside, the Euro could find next resistance levels at 133.00, and above here, 133.80/00 and 134.70/75.

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Forex: GBP/USD: Rejected at 1.4710; the Pound drops to 1.4640

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Forex: GBP/USD: Rejected at 1.4710; the Pound drops to 1.4640FITITOL–>FXstreet.com (Barcelona) – The Pound has dropped in Asian session although it has turned out more resilient tan the Euro and, decline from yesterday’s high at 1.4775 has been contained at 1.4640 support level.

On the downside, next support level stands at 1.4660/40 and below there the Pound could find support at 1.4580 (Apr 7 low), and 1.4460 (31.8% Fib retracement of the Mar/Apr rally). In case of an upward reaction, resistance levels stand at 1.4715, and above here 1.4775 (Apr 7 high) 1.4875.

GBP/JPY has dropped 2.05% from 148.10 opening price to levels around 146.15 ahead of the European session opening.

The Pound seems to be dropping towards 145.80 support level, and below here, next 145.50 and 145.05. On the upside, resistance levels stand at 147.60, 1.4900 and 149.84.

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Forex: GBP/USD: Rejected at 1.4710; the Pound drops to 1.4640

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Forex: GBP/USD: Rejected at 1.4710; the Pound drops to 1.4640FITITOL–>FXstreet.com (Barcelona) – The Pound has dropped in Asian session although it has turned out more resilient tan the Euro and, decline from yesterday’s high at 1.4775 has been contained at 1.4640 support level.

On the downside, next support level stands at 1.4660/40 and below there the Pound could find support at 1.4580 (Apr 7 low), and 1.4460 (31.8% Fib retracement of the Mar/Apr rally). In case of an upward reaction, resistance levels stand at 1.4715, and above here 1.4775 (Apr 7 high) 1.4875.

GBP/JPY has dropped 2.05% from 148.10 opening price to levels around 146.15 ahead of the European session opening.

The Pound seems to be dropping towards 145.80 support level, and below here, next 145.50 and 145.05. On the upside, resistance levels stand at 147.60, 1.4900 and 149.84.

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Asian markets decline on the beginning of U.S. Earnings season; Euro tumbles

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Asian markets decline on the beginning of U.S. Earnings season; Euro tumblesFITITOL–>FXstreet.com (Barcelona) – Asian markets have gone through losses on Wednesday, following U.S. markets and on the Back of Alcoa opening the U.S. earnings season on weak note. The Euro has tumbled.

Tokyo Nikkei Index has posted losses by 2.0% while Hong Kong’s Hang Seng Index dropped 2.6% and South Korean Kospi Index declined 1.9%.

Alcoa, aluminum producer, kicked off yesterday U.S. earnings season publishing an operating loss of 59 cents on share, worst than expected, on the back of a sharp drop in aluminum prices. Investors wonder whether the start of the earnings season will put an end to the rally we have been seen in stock markets during last weeks.

Euro drops sharply

Of all majors, the Euro has been the hardest hit on Asian session, after having reached levels close to 1.3300 on Tuesday’s early Asian session, the Euro has declined 0.64% to low levels around 1.3165, to trade at levels around 1.3180 ahead of the Europe4an session opening.

GBP/USD has also declined although not as much as the Euro. From 1.4765 high yesterday, the Pound declined in Asian session to a low at 1.4660, and has been trading, ever since, between there and 1.4700.

USD/JPY has declined slightly although the Dollar has managed to hold above the 99.90 support level so far.

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