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The US dollar continued to consolidate against most of its counterparts while weakening against some, as the FOMC statement is drawing near.
EURJPY might be done with its recent downtrend, as a short-term reversal pattern formed on its 1-hour time frame.
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The US dollar returned some of its recent wins to its counterparts as traders started easing off their long positions ahead of the FOMC statement this week.
EURUSD has been treading lower across all time frames but it seems that a short-term reversal might take place.
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The US dollar was a big winner last week, as risk aversion and the prospect of a Fed rate hike pushed the currency higher.
EURAUD broke below the neckline support of its head and shoulders pattern on the daily time frame, indicating that the pair is in for longer-term declines.
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The US dollar gave back some of its recent wins when the retail sales report came in weaker than expected.
AUDUSD has recently made a strong drop below a key support level near the .7750 minor psychological mark.
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The US dollar was unstoppable in its recent rallies, as it edged lower to the pound and the euro yesterday.
EURCHF could be in for a break below its descending triangle pattern, as the ongoing quantitative easing program of the European Central Bank has been weighing on the shared currency.