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Trend continues for lower USD affected by higher EUR


EURUSD Pair
EURUSD hitting the year high of 1.2555 earlier on the continuation of broad USD weakness despite of higher US stock and firming up effect of UST. The market remains keen to test the USD downside before solid support confirmation. Today the US housing data and stock/bond market might have some intraday impact with support at 1.245 and 1.2500 with resistance at 1.2555 and 1.2585 to still prefer buying on dips with tight stop strategy.

USDJPY Pair
USDJPY grids down despite of higher US and Japan stock market and higher UST yield. Aso saying he will watch stock market closely have not much impact as fragile risk sentiment and YEN cross selling remains driven the pair to go lower in short term. Technically the downside momentum increases after the 5th conservative day being declined and earlier low of 105.55 might still risk to retest and break if the price go under 107.30-40. Today the US data and stock/bond market move might have some intraday impact with support at 105.50-55 and resistance at 106.30 still to prefer selling on rallies with tight stop strategy.

GBPUSD Pair
GBPUSD goes up on broad USD weakness and the effect of higher EUR. Today UK retail sales data will have some intraday impact for the pair. And Theresa May meeting this weekend with EU still depresses the investors for holding position over the weekend. Also US housing data and stock/bond market move will have small intraday impact with support at 1.408 and resistance at 1.415 still to prefer in choppy range trading pattern continuation.

USDCHF Pair
USDCHF grids lower on broad USD weakness and follows the EUR strength as the EURCHF staying around in tight range above 1.15 consolidation. Today the US data and stock/bond market move will have some intraday impact with support at 0.918 and resistance at 0.923 still to prefer in range trading with tight stop strategy.

EURJPY Pair
EURJPY slightly grids down following the effect of lower USDJPYand risk off sentiment despite of the higher US stock and UST yield. As the market worries for the widening of US twin deficit as well as technical move for downside remains. Today US data and stock/bond market move will have some intraday impact with support at 132 and resistance at 133.20-30 to still prefer keeping the sell on rallies with tight stop strategy.

EURGBP Pair
EURGBP slightly down on GBP over 1.41 that driven more lagged move and some GBP cross short coverings effect but overall bullish trend remains. Today UK retail sales might have some intraday impact with suport at 0.8850-55 and resistance at 0.8920-25 to still prefer keep on buying dips with tight stop strategy.

Gold Bars
GOLD higher slightly on broad USD weakness as well as in effect of higher commodity currencies. The higher in US stock and UST yield may smooth the upside as well as most of Asian countries in holidays for Chinese New Year and thin liquidity will have some exaggerated move effect. Today US data and stock/bond market move will have some intraday impact with support at 1350 and resistance at 1366 still prefer the keeping buying dips with tight stop strategy.

Silver Bars
Silver higher slightly in the same direction with GOLD and broad USD weakness still supports the metal despite of the higher US stock and UST yield that may capping the topside gains. Today US data and stock/bond market move will have some intraday impact with support at 16.85-90 and resistance at 17.20-25 still prefer to buy on dips with tight stop strategy.


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