Sunday, January 19, 2020
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Technical Analysis – EUR/USD upside stalls at 1.1178

EUR/USD upside stalls at 1.1178; short-term bias neutral-to-bearish. EUR/USD could not reactivate its two-month-old upside direction that stuck around the 1.1178 area as the 200-day simple moving average (SMA) proved hard to overcome last week. Even though the price spiked above the line, registering a fresh high at 1.1198, the bears retook control,

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Technical Analysis – GBP/USD runs to 8-month high

GBP/USD runs to 8-month high; overbought near key resistance. GBP/USD closed significantly above the tentative descending trendline stretched from the 2018 high of 1.4375 that looked to be part of a bullish pennant formation. The price inched up to an eight-month high of 1.3179 on Monday but remained close to the key 1.3175 resistance mark, with the RSI and

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Technical Analysis – USD/CAD returns above the trendline

USD/CAD returns above the trendline, but rebound capped by 100-day MA. USD/CAD has been restricted by the 100-day simple moving average (SMA) in recent sessions, after buyers aggressively reversed the pair back above the uptrend line, reestablishing a neutral-to-bullish picture. Despite the bearish demeanor of the 20- and 50-day SMAs, the 200-

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