FX News Today | EURUSD Analysis

EURUSD Short | FX News Today

EURUSD has come under pressure in early Tokyo, selling-off from 1.1320 down towards 1.1295, with sellers now re-claiming levels sub 1.13 for the first time since last Friday, when a massive miss in US Non-Farm Payrollls led to a run to the exits by an over-exposed USD long market (FX News Today).

EURUSD Short | FX News Today

EURUSD On 10.06.2016

Against the backdrop of thin trade conditions, investors’ attention appear to remain on German money markets, crude oil and the next potential move by the Federal Reserve.

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EUR/USD – Shows The Money Phase

The single currency is extending its bearish note at the end of the week, now prompting EURUSD to test the 1.1300 neighbourhood. Currently it is in ‘Show me the money’ kind of phase where it has to prove that it has what it takes to hold the support level and jump. We quit our remaining long EUR/USD position near 1.1250 Because that was the line in send. Currently we are square and waiting for the pulse from Euro on either side. For today, trades we are looking at are, 1 ) Short EUR/USD near 1.1350 2) Long EUR/USD near 1.1250 ( but we will be quick to offload if price action shows hesitation )

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EURUSD Buy | FX News Today

Spot is retreating for the second session in a row so far, shedding over a cent since recent peaks in the 1.1420 region amidst renewed sentiment towards the greenback and a continuation of the correction lower in crude oil prices.

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EURUSD ABC Bounce Wave

Break of the 1.1300 level seen extending the reversal from the 1.1411 high yesterday to retrace the 2-wk up-leg from 1.1098 low. Lower see nearby support at 1.1283 then the 1.1220/17 area. Upside see resistance now at 1.1335 then the 1.1393 and 1.1416 highs. EURUSD 30min goes ABC bounce wave entry1: look closely on 5min, 1s buy, should be around 1.1290 SL20pips target 1.1330 entry2: 0.618(5A) SL 1.1280 target 1.1365 entry3: short when hit the long target.

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Data wise in Euroland today, final CPI figures in Germany are due later, while US Consumer Sentiment measured by the Reuters/Michigan index is the main highlight across the pond.

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