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  • The EUR/CAD trend is still very bearish and the pair continues falling. Next target is likely 1.4470.

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    • EUR/USD rose despite somehow the positive US data announced earlier today. The pair reached 1.1216 and is currently trading at 1.1200 from a low of 1.1149. Main trend on the short-term remains bearish.

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      • EUR/USD is trading relatively unchanged from yesterday's level around 1.12. Price is now 1.1180 and it seems traders and investors are keeping low volume in anticipation of the latest US GDP data in less than four hours and then two hours later we have a speech from the FED Chair Janet Yellen.

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        • I don't think we'll see any major changes on the market before Yellen speaks.

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          • Silver formed a doji candlestick on the daily time frame and continued falling. Next target is 16.00, but if you look at the weekly time frame you'll see that the long-term target is around 15.60.

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            • EUR/GBP formed a double bottom on the four-hour time frame above the support at 0.7580, so it will likely move to the upside before it continues falling.

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              • The EUR/USD fell below 1.11 in the early trading hours today and was quick to recover currently trading at 1.1137 close to the high of the day at 1.1143. After Yellen's stamenets that the FED is going to raise the interest rates gradually, market participants favored the US dollar causing a sell off in the pair.

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                • Today EUR/AUD fell with about 170 pips, which is hardly surprising, considering the hanging man and shooting star candlesticks that have formed on the weekly time frame. I suspect that the pair will continue falling and that the next target is at 1.5200.

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                  • The EUR/USD is having a tough time today consolidating towards the level of 1.1150. Low volumes are a sign of tension building so you might want to be careful in the coming days as a sharp move might be coming.

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                    • That EUR/GBP double bottom sure had the consequences I expected - and more, since the pair not only moved to the upside but broke above the resistance at 0.7700 and is still climbing. If the breakout is confirmed next target is 0.7740.

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                      • The EUR/USD marks a somewhat positive day today up about 30 pips to currently trade at 1.1160. Market sentiment remains to be bearish with the latest commentary from FED Chair Janet Yellen to raise rates gradually. First resistance is seen at 1.12, first support is seen at 1.11.

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                        • EUR/GBP reached the target at 0.7740 and climbed above it, eventually stopping at the resistance at 0.7780. Currently there are several spinning tops below that resistance, which indicate there will be a move to the downside. Let's not forget, however, that today is the ECB press conference, and tomorrow are the US Non-farm Payrolls, so any trading should be done carefully and cautiously.

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                          • As I expected, the spinning tops below the resistance at 0.7780 on the EUR/GBP four-hour time frame were a signal for a move to the downside. Currently the pair is testing the support at 0.7720 and a breakout below that level wil allow the pair to continue falling towards 0.7620.

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                            • The NFP yesterday caused a great rally for EUR/GBP. The pair bounced off 0.7720 and climbed with 100 pips, breaking above the resistance at 0.7800. Although I expect a retracement on Monday, the pair is likely to continue rising towards 0.7900.

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                              • EUR/CAD once again reached the previous high at 1.4704 and is testing the resistance at that level, which is MA89 on the daily time-frame. Considering that the pair hasn't been able to break above that indicator for weeks it's likely it will bounce off of it again next week.

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