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Forex Technical Analysis

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EURUSD Treads Water Ahead of US CPI

The greenback slid on Tuesday, erasing all of Friday's NFP gains, pushing the EURUSD pair back above 1.02.

SP500 Attacks Critical Resistance

Stocks quickly recovered from Friday's selling, which occurred after the latest US jobs market update, and the SP500 index jumped 0.65% on Monday, already rising above Friday's highs.

EURUSD Drops to Weekly Lows After Superb US Jobs Data

The greenback advanced broadly today, supported by the latest data released, sending the EURUSD pair below 1.0160. US yields also accelerated higher, helping the USD strengthen.

Nasdaq Jumps Above Key Resistance

The tech-heavy Nasdaq index soared 3% on Wednesday, despite several hawkish comments by the US central bankers, and closed at its highest level in three months.

GBPUSD Slides After US Data

The Pound retreated on Wednesday as investors reacted to the latest US macro data, which sharply increased US yields, supporting the greenback.

USDJPY Drops Below Major Support

The USDJPY pair declined below 131.30 today, which is considered significant support in the current uptrend.

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