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EURUSD DOEN MOVE

EUR/USD briefly fell below the 1.10 mark and posted its lowest level in three weeks at 1.0989 but managed to recover slightly and it has spent the last hours in a range just above 1.1000. Technically, the 1 hour chart shows indicators flat below their mid-lines while spot trades just below a flat 20-SMA, maintaining a slight negative tone. In the 4 hours chart, RSI has already corrected oversold conditions and indicators remain in negative territory, favouring a downward continuation, with the 1…
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USDJPY

USD/JPY has steadied near daily lows over the last hours and even though indicators have lost bearish potential, the downside remains favoured. In 1 hour charts, indicators remain below their mid-lines, while the pair trades under a bearish 20-SMA. In 4 hours charts, RSI and Momentum hover in negative territory although with flat slopes suggesting some consolidation ahead. A break below 111.65 however, could increase the bearish pressure exposing the low at 110.97.
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GBPUSD

GBP/USD bottomed out at 1.4012, finding support a few pips ahead of major support at 1.4000. Short-term technical picture remains clearly bearish as per indicators heading south below their mid-lines, but both 1 hour and 4 hours charts exhibit oversold conditions, suggesting the pound might take a breather before resuming the slide. GBP/USD needs at least to regain the 1.4200 level to ease immediate bearish pressure and increase chances of a stronger recovery. On the downside, a break below 1.40…
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AUDUSD

AUD/USD retreated from a peak of 0.7259 and erased early gains, falling to the 0.7200 area before the downside was contained. However, despite the recent pullback the short-term technical picture remains overall bullish with indicators holding in positive ground in 4 hours chart and the pair well above a bullish 20-day SMA. In the shorter-term, AUD/USD has lost upward momentum as indicators hover around their mid-lines, leaving room for a deeper corrective movement over the next sessions.
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USDCAD

WTI futures reversed early gains and settled 4.6% down at $31.87 a barrel after Iran said the plan to freeze output was ‘ridiculous’. USDCAD ends the day near lows and the technical picture supports a bearish continuation as indicators head lower below their mid-lines in the 1 hour chart, while the pair trades below bearish 20-SMA, reinforcing the view. In 4 hours chart, the bearish potential is stronger, but oversold conditions suggest a consolidation phase may precede another leg lower.
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USDCHF

short positions below 0.9945 with targets 0.9885 & 0.9850 in extension. above 0.9945 look for further upside with 0.9970 & 1.1000 as targets. as long as 0.9945 is resistance, look for choppy price action with a bearish bias.
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