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The latest news from the world of forex trading

GBPUSD bear bias for 1.5627 today; down to 1.5340 through month-end

A modest bounce effort Monday, but still very much defined by a sideways consolidation theme since mid-November, with recovery failures from modest 1.5725 and 1.5737/38 barriers. This leaves bearish pressures intact from...

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EUR/USD: Two Currencies Headed in Two Opposite Directions

EUR/USD: Two Currencies Headed in Two Opposite Directions   Figure: Hourly chart for EUR/USD The Euro came awfully close to its 2-year lows against the USD post the stro...

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EURUSD bear bias through 1.2358 for 1.2295/ 1.2240 weekly targets

A far more aggressive sell off than we had anticipated Friday for a bearish outside weekly pattern to signal a bearish breakout from our 1.2631 and 1.2433 range. The inab...