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Intraday Market Analysis



EURUSD – The pair continued its sideways move after finding a
significant support at 1.3020 (S1). At the moment there is some indecision in
the market therefore we chose to stay aside until we see some signal for the
forthcoming move.



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Intraday Market Analysis



EURUSD – Price broke above
1.3070(R1) yesterday and challenged 1.3100(R2) area as expected. The bears were
proved very strong at that level driving the price to lower levels. The picture
remains unclear in the short term. If a break below 1.2989(S1) occurs we expect
the price to move towards 1.2950 (S2), whilst a break above 1.3070(R1) will
provide enough momentum up to 1.3131(R3).



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Intraday Market Analysis



EURUSD – The pair continued
its sideways move and we expect a similar behavior in today’s session.
A break of both 1.3070(R1) and the downtrend line will lead at least to
1.3100(R2) area. In the case of a break below 1.2989(S2) the price will most likely
dip to 1.2950 (S3), increasing the bearish bias.



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Intraday Market Analysis



EURUSD – The pair penetrated
the downtrend line yesterday and challenged 1.3100(R1) but it lacked momentum
for a close above it. We expect the price to retest the downtrend line before
any attempt to move to higher levels. We remain aside waiting for a clear
indication for the price direction before taking any positions.



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Intraday Market Analysis



EURUSD – The pair retest the
1.3050 area yesterday before posting a rapid move on the upside only to stop at
1.3186(R1), not much below our very important resistance of 1.3200(R2). We
expect a correction for today in an attempt for the pair to gather enough momentum
in order to challenge 1.3200. In case of a break below 1.3147(S1) a short
position with a very tight stop loss would be a good scenario, aiming in the
area of 1.3125-20. A break above 1.3200 would be a signal for long positions.



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Intraday Market Analysis



EURUSD – Although the single
currency penetrated 1.3200(R1) yesterday, an important and psychological
resistance for the further upside move of the pair, it didn’t manage to hold
above it. A correction is expected to occur in today’s session and we consider
the area between 1.3146 – 1.3123 good for long positions targeting at least
1.3200. Our stop loss in such trades would be below 1.3100(S3). A break above
1.3200 would be a signal for long positions



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Intraday Market Analysis



EURUSD – The pair
experienced a sharp decline yesterday following the ECB’s decision to reduce
the rates to 0.5% and the statements of the ECB President during the press
Conference that followed the announcement and barely managed to hold above the
trend line. We recommend long positions at the current price targeting
1.3120(R2) with a stop loss at the break of the trend line around 1.3060. In
any case we recommend closing any open positions before of the NFP announcement
today as we expect the pair to experience high volatility for another session.



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Intraday Market Analysis



EURUSD – As expected, there
was a high volatility during NFP announcement on Friday, but the pair managed
to hold above the uptrend trend line maintaining its bullish momentum on the
short term. We suggest long positions for the day at 1.3100(S1) with a
stop loss a few pips below 1.3080(S2) targeting 1.3165. In the case of a break
above 1.3169(R2) we favor long positions aiming 1.3200(R3).



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Intraday Market Analysis



EURUSD – The pair lacked
momentum yesterday in its attempt to post new highs. However it managed to hold
above uptrend trend line. We are neutral for the day waiting for more
confirmations about the price direction.



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Intraday Market Analysis



EURUSD – The single currency
challenged the 1.3200 area yesterday without being successful. Today we expect
a correction before any further attempts at 1.3200 areas. Therefore we support
short positions at the break of 1.3147(S1) with 10 pips stop loss, targeting
1.3120(S2). A break of 1.3200 would be a signal for long positions aiming
1.3230.



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Intraday Market Analysis



EURUSD – The single currency
penetrated the uptrend trend line in a spectacular way yesterday, bringing the
bearish picture into the frame for another time. The bias is negative on higher
time frames as well which is a confirming factor for us to place short
positions. The area of 1.3066(R2) would be good for entering the market, as we
expect a correction today, with our stop loss at 1.3100, targeting 1.2988(S2).
A break below 1.3010(S1) is a signal for short positions aiming 1.2973(S3).



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Intraday Market Analysis



EURUSD – The pair maintained
its negative bias on Friday testing 1.2935(S2). Our Averages remain bearish and
we are looking for sell opportunities near 1.2990 with a stop loss above R2 and
take profit at 1.2935(S3).



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Intraday Market Analysis



EURUSD – Yesterday the pair
dropped down to 1.2940-35 area, as expected, before challenging 1.3026 in the
early hours today. We support long positions near 1.2970 for today, with a stop
loss of 20 pips and take profit at 1.3045.



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Intraday Market Analysis



EURUSD – Momentum was not
enough yesterday forcing the pair to lower lows and highs. Our outlook is
negative in the short term as is also confirmed by the moving averages. We
support short positions at a break of 1.2900 with stop loss at 1.2917 and
take profit at 1.2826.



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