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EUR/USD Technical Analysis: Euro ends the week near 1.1300 figure

EUR/USD daily chart

  • EUR/USD is trading in a bear trend below its 200-day simple moving average (SMA).


EUR/USD 4-hour chart

  • EUR/USD is trading above the main SMAs suggesting a bullish bias in the medium-term.


EUR/USD 30-minute chart

  • EUR/USD is trading above its main SMAs suggesting a bullish bias in the short-term.
  • EUR/USD closed the week near 1.1300 figure. The bulls might try to recapture 1.1300 to travel towards 1.1360 resistance. 
  • However, the weakness of late Friday can initially expose 1.1280 and 1.1250 level to the downside.

Additional key levels

 

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Wall Street rallies on stronger than expected earnings, DJIA flips better bid (up 270 points on the day)

Wall Street was sharply higher on Friday with investors cheering a strong set of bank earnings. JPMorgan's quarterly results for the Dow component wer
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