{"id":47072,"date":"2014-02-04T08:02:39","date_gmt":"2014-02-04T13:02:39","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=47072"},"modified":"2014-02-04T08:02:39","modified_gmt":"2014-02-04T13:02:39","slug":"euro-trying-increase-pound-falling","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2014\/02\/04\/euro-trying-increase-pound-falling\/","title":{"rendered":"The Euro Trying to Increase, the Pound Falling"},"content":{"rendered":"

The EURUSD Enters into a Range Again<\/strong><\/p>\n

Falling of the EURUSD suspended due to the support around the 1.3475 level. From it the bulls are trying to start attack, but the attempts are limited by the resistance at 1.3535. Thus, the pair entered into a new range, limited by the indicated levels. Despite preserved demand near the support, a negative sentiment still remains and the risks of a breakout through 1.3475 still remain. The euro can correct to \u00a01.3545\u20141.3560, where a possibility to open short positions should be considered. It is necessary to remember that on Thursday a press conference by Mario Draghi will be held, and his speech can change radically the situation.<\/p>\n

\"eur\"<\/a><\/p>\n

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The GBPUSD Continues Correcting<\/strong><\/p>\n

Obviously, the GBPUSD has formed a peak and came under pressure amid profit taking. Yesterday, the pair continued to fall and \u00a0tested the support around the 63rd \u00a0figure. Today, in the Asian session the support was broken, and the pair fell to 1.6256. The 100-day MA moves slightly above the daily chart, so it is quite possible that this support will be able to suspend the pair’s falling for some time, but its loss will lead to falling up to 1.6200-1.6173. From here the pound may bounce towards the 64th figure that should be used to open short positions. Nevertheless, the decision of the Bank of England regarding interest rate and \/ or volumes of the asset purchase program can change the situation.<\/p>\n

\"gbp\"<\/a><\/p>\n

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The USDCHF Drops to 0.9003<\/strong><\/p>\n

Yesterday, stock markets had undergone a selloff, the flight of investors from risky assets \u00a0triggered \u00a0\u00a0increased interest in the ” risk-free ” assets again, to which \u00a0traditionally belonged the Swiss franc. Amid it is actively growing in cross-rate with the euro and in pair with the U.S. dollar. From resistance at 0.9080 the pair was sold, and its rate fell to 0.9003. Attempts to increase are limited by \u00a0the resistance at the 0.9035 level, where interest to sales remains. However, while support at 0.9000 continues to cope with its task, the possibility of renewed growth and testing 0.9118 remains high, but the loss of support will lead to a fall to 0.8930-0.8900.<\/p>\n

\"chf\"<\/a><\/p>\n

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The USDJPY Is In the Power of the Bears<\/strong><\/p>\n

The downward correction in the USDJPY pair continues. \u00a0Yesterday, the pair broke the support at the level 101.59 and dropped to 100.77. Pullbacks are limited by the 101.37 level, where interest to sales remains. Nevertheless, \u00a0the support still is unable to hold the bears` onslaught and if in the short term it is not broken, the USDJPY can recover to 101.59\u2014102.00. Theoretically, \u00a0the possibility to open short positions should be considered. In addition, it is necessary to remember that an uptrend is still in force and a rise above the 102th figure can signal about its resumption.<\/p>\n

\"jpy\"<\/a><\/p>\n

provided by IAFT<\/a><\/p>\n

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The EURUSD Enters into a Range Again Falling of the EURUSD suspended due to the support around the 1.3475 level. From it the bulls are trying to start attack, but the attempts are limited by the resistance at 1.3535. Thus, the pair entered into a new range, limited by the indicated levels. Despite preserved demand … <\/p>\n

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