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The cross traded sideways in the previous week and defined a horizontal trading channel. However, Friday’s very weak UK data dragged sterling lower and investors might start to price in monetary policy easing at BoE’s [...]
The cross dropped notably in the previous days, but the decline was stopped at the key bullish trend line and it managed to trim some losses. Moreover, the four hour chart is showing some bullish [...]
We think that the single currency will be under bearish pressure in the days ahead and the EURJPY pair might decline notably from current levels. It appears the cross made a double top pattern, marked [...]