Forex Analysis
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EUR/USD Review – October 13

The EUR/USD currency pair moved fairly calmly on Monday, but with a downward bias again. Last week, we saw a brief pause, but that marked the end of the euro's fairy tale. The euro again failed to show even a minor correction.
by Jay
Forex Analysis
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GBP/USD Review – October 12

The GBP/USD currency pair also showed no interesting movement on Friday, which isn't surprising given the lack of drivers. On Friday, the only noteworthy item was the University of Michigan consumer sentiment index, which came in worse than market expectations but did not create serious problems for the dollar.
by Jay
Forex Analysis
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EUR/USD Review – October 12

The EUR/USD currency pair remained in place throughout Friday, as it has for the past several days. The downward impulse faded, but is it final? Recall that when traders begin to abandon a given direction, profit-taking on previously opened positions begins.
by Jay
Forex Analysis
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GBP/USD Review – October 9

The GBP/USD pair on Thursday again tried to resume its decline and has found itself at a triple bottom. We believe the technical picture for the pound is not just interesting — it's almost epic. Sideways channels have formed simultaneously on three timeframes, and in each case price dropped to the lower boundary of those channels.
by Jay
Forex Analysis
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EUR/USD Review – October 9

The EUR/USD currency pair continued to tilt sharply south on Thursday—which, frankly, no longer surprises anyone. Need we say that on Wednesday or Thursday there were no real grounds for another rise in the US currency? Late Wednesday, three weeks after the Federal Reserve meeting, the FOMC minutes were published.
by Jay