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5 Aug 2014

EUR/USD is set up for a 'small' short squeeze - FXStreet

FXStreet (Łódź) - In an interview with Dale Pinkert at the FXStreet’s Live Analysis Room, FXStreet Content Advisor Goncalo Moreira suggests that there is a 'small' short squeeze in store for the EUR/USD.

Key quotes

"According to the latest Forecast Poll the first short-term set-up may look like a bearish divergence if we infer how MACD and RSI oscillators may develop below 1,35."

"An additional sellable point would be on a break above the downward slopping trend line, coincident at 1.35 by end of the week."

"This is where the highest forecaster has been seen, nothing above that."

Aug 5, 2014

South Africa Purchasing Manager Index declined to 46.4 in July from previous 49.5

EUR/GBP shows attempts of a rebound, but may slide back again

EUR/GBP opened the day at 0.7957, slid to 0.7954, and is trying to rebound at the moment.