EURUSD – Up

Daily chart: bulls has risen on news but ADX is weak and small trended. It is like on bulls trap. We have 2 resistance levels from which price could turned over. There are 1.1251 level (upper Bollinger line) and 1.1337 (area of local bears Over&Under)

 We are expecting bulls turn over on 1.1337 level

Н4: so ADX is inactive and there are some bars outside the Bollinger envelopes so we are expecting decreasing bulls activity at nearly time.

 We are expecting bulls turn over on 1.1337 level

Н1: it is only one frame with trend parameters so we are expecting from rising 1.1337 zone and decrease to 1.1167 (middle Bollinger line).

 We are expecting bulls turn over on 1.1337 level

Expectation: we are waiting growth to 1.1337 and than intensive decrease to 1.1167 level

Trading decisions:

1) Buy to 1.1337

2) Sell from 1.1337 to 1.1167

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USDJPY – Down

 Pair is trying to go out from flat

The four-hours chart USDJPY. After one more try pair has broken through (0/8) level. It is early to make conclusions because pair hasn’t consolidate under this level and it could be pseudo breakthrough. But if we observe current situation we can see that buyers has real advantage. Breakthrough of (0/8) level leads for further pair decrease. First aim is level (-1/8). Earlier we have seen price upwards bounce. In fact this level is last important level for bulls. But this breakthrough could be pseudo and in fact situation is unclear.

Trading decisions: no

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GBPUSD – Flat

 Pair could stick into horizontal channel

The four-hours chart GBPUSD. Price has bounced upward from level (3/8) and now we can see that price has stayed on level (5/8), before this pair has overcome the strongest level in the system (4/8). So we have all three factors which prove beginning of side moving in the channel (3/8 – 5/8), according to the system’s rules. The key level is level (5/8) when the price locates under this level the main possibility is pair decrease. On the other way pair can retest level 96/8, and second try could be more successful.

You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

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EURUSD – Up

 Bulls don’t give up

The four-hours chart EURUSD. EUR has made stronger and bulls used the situation on news market and could return positions, which was lost after four latest trading days. Last days situation isn’t good for buyers so pairs growth technically isn’t reasonable. Now pair trade on main resistant/support level (4/8). This is the strongest level into the system and I don’t think that price can easily going through it. The main possibility is correction down pullback where the four-hours Supertrend line will be support level. If bulls are serious they should hold this level.

Trading decisions: buy from the four-hours Supertrend line

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The bullish momentum in the GBP/JPY cross appears to have run out of steam around hourly 200-MA located at 161.27 levels as Cable is struggling to break above 1.45 handle.

Bid above 23.6% Fibo

The pair ran into bids after it recovered above 159.51 (23.6% of 175.02-1.54.72). The subsequent bullish move took the cross higher to 164.58, before the momentum stalled and the cross fell back below hourly 100-MA level of 161.46 levels.

The gains were being capped by USD/JPY’s sharp drop to fresh yearly low of 110.68 levels. Meanwhile, Cable also failed to chew through offers around 1.45 handle, thus limiting the upside in the GBP/JPY cross.

GBP/JPY Technical Levels

The immediate hurdle is seen at 161.58 (daily high), above which the cross could target 164.10 (Mar 11 high). On the flip side, a break below 161.00 (support on hourly chart) would open doors for a drop to 160.21 (hourly 50-MA).

The bullish momentum in the GBP/JPY cross appears to have run out of steam around hourly 200-MA located at 161.27 levels as Cable is struggling to break above 1.45 handle.

(Market News Provided by FXstreet)

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According to the Bank of Greece on Thursday, the European Central Bank (ECB) lowered the amount of emergency funding (ELA) to Greek banks by €100 million to €71.3 billion.

“The reduction of €0.1 billion in the ceiling reflects an improvement of the liquidity situation of Greek banks, amid a reduction of uncertainty and the stabilization of private sector deposits flows,” the Bank of Greece said in its statement.

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Silver prices rose to a 5-1/2 high of $16.04/Oz as the greenback selling continued in the US session.

Dovish Fed triggered rally

Prices rallied from a low of $15.16 after Fed came out dovish and send the US dollar lower across the board. The pair was trading at a three-month high of $15.95/Oz in the early US session and extended gains to $16.04; the highest level since Oct 28, 2015.

The rally in silver and other precious metal stands exposed to a technical correction in the US dollar.

Silver Technical Levels

The immediate hurdle is seen at 16.198 (Oct 14 high), above which prices could target 16.357 (Oct 28 high). On the other hand, a break below 15.818 (Mar 14 high) would expose support at 15.16 (previous day’s low).

Silver prices rose to a 5-1/2 high of $16.04/Oz as the greenback selling continued in the US session.

(Market News Provided by FXstreet)

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The increasing selling pressure hitting the greenback has dragged USD/CHF to post fresh YTD lows in the mid-0.9600s so far.USD/CHF weaker on FedThe pair has been losing ground for the second session in a row so far, exacerbating the downside after bein…

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The EUR/GBP cross hit a fresh session low of 0.7813 in the US session as Cable extended gains to 1.45 in an impulsive move, while the EUR/USD pair lagged. Offered above 0.79The cross turned lower from the high of 0.7911 and extended losses after Bank o…

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