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The US will publish Federal Funds Rate, Crude Oil Inventories, Chicago PMI, Employment Cost Index q/q and ADP Non-Farm Employment Change and Canada will release GDP M/M May, GDP Y/Y, Industrial Product Price and Raw Materials Price Index.
The pair is finding support at 1.31100 with resistance at 1.31520 which the weekly pivot point at 1.31360 is located in between the lines. The EMA of 10 is moving horizontally in the ascendant channel and it is located above the EMA of 200 and the EMA of 100. The RSI is moving below 50 level, the MACD line is below the signal line in the negative territory and the Stochastic is moving in low ranges. The ADX is not showing any clear signals. The price is in the Ichimoku Cloud and below the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.

Short positions are recommended towards 1.31000.

usdcad
Source: fxglory

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Yesterday GBP lost its strength against USD and today UK’s Nationwide house price index for July will be released.
The support rests at 1.21350 with resistance at 1.21800 which both lines are below the weekly pivot point at 1.24270. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA 200 and the EMA of 100. The RSI is moving in oversold area and the Stochastic is moving in middle ranges. The MACD line is below the signal line in the negative territory. The ADX is showing sell signal.

Further price decline is probable targeting the lower Bollinger band at 1.20500.

gbpusd
Source: fxglory

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EUR has been empowered by the strong economic reports in Eurozone.
The support rests at 1.11420 with resistance at 1.11660 which the weekly pivot point at 1.11510 is located in between the lines. The EMA of 10 is moving with bullish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards overbought area, the Stochastic is moving in high ranges and the MACD line is above the signal line in the positive territory. The ADX is not showing clear signals.
It seems that EURUSD is growing up towards EMA of 100 at 1.12000.

eurusd
Source: fxglory

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