The EUR/USD pared-back some of the earlier losses ahead of the important Eurozone inflation data and the European Central Bank (ECB) interest rate decision.
The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
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The Bitcoin price is in consolidation as traders focus on the next move after the currency reached an all-time high last week.
By the end of last week’s trading, the price of gold had plummeted to the support level at $1824 after several failed attempts by the bulls to break through the top of the resistance at $1864.
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Although the GBP/USD pair fell to the support level of 1.3572 and stabilized around 1.3590 at the beginning of this week's trading, the outlook is still bullish.
The USD/JPY pair has been moving in a narrow range between the 103.56 support level and the 104.19 resistance level, stabilizing around the 103.82 level at the beginning of this week's trading.
The EUR/USD pair stabilized near the 1.2075 support level during Monday's trading session, after falling to that level last week in its biggest loss in over a month.
The Euro fell rather hard during the trading session on Friday, as we have broken down towards the 50 day EMA.
The British pound has pulled back a bit during the trading session on Friday to show signs of exhaustion.
The DAX Index has delivered a barrage of short-term volatility, but today’s trading may prove to actually be rather cautious.
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The US dollar rallied a bit against the Indian rupee during the trading session on Friday but then gave back the gains and ended up forming a bit of an inverted hammer.
The AUD/USD is under pressure today because of the overall strong US dollar and the mixed economic data from China.
After reaching a high of nearly 1342.00 on the 10th of January and then experiencing a strong wave of selling, ETH/USD has incrementally traversed higher again.
The US dollar has rallied a bit during the trading session on Friday to reach towards the 50 day EMA against the Brazilian real.