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EUR/USD Technical Analysis: Euro bulls buy the dip still looking for a break above 1.1400 figure

  • EUR/USD is in a main bear trend but bulls are trying to create a counter move up started on Wednesday. 
  • EUR/USD retraced down about 50 pips from daily highs but bears were not able to have a sustained breakout below 1.1365 support and the 200-period simple moving average. Bulls see this as a buying opportunity to target 1.1400 and 1.1430 August 14 high. 
  • A sustained bear breakout below 1.1365 would invalidate the counter-trend bullish scenario.

EUR/USD 15-minute chart 

Spot rate:             1.1368
Relative change:   0.20%  
High:                    1.1409
Low:                     1.1335

Trend:                  Bearish 

Resistance 1:  1.1400 figure
Resistance 2:  1.1430 August 14 high 
Resistance 3:  1.1483 intraday swing high (August 10)

Support 1:   1.1365 August 13 low
Support 2:   1.1347 intraday swing high (August 15)
Support 3:   1.1300 figure 
Support 4:   1.1250 May 24, 2017 high
Support 5:   1.1178 June 27, 2017 low

USD/JPY Technical Analysis: Bears fading the daily high and looking at 110.60 target

USD/JPY 15-minute chart  Spot rate:                 110.93 Relative change:      0.15%      High:                        111.13 Low:            
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