USD/CHF 1.0415 Original strategy :  Sell at 1.0470, Target: 1.0350, Stop: 1.0520 New strategy  :   Sell at 1.0470, Target: 1.0350, Stop: 1.0520 Although the greenback fell marginally to 1.0362 (yesterday’s low was 1.0374), lack of follow through selling and the rebound from there suggest consolidation would be seen and retracement to the Kijun-Sen (now

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Trade Idea Update: USD/CHF – Sell at 1.0470

Markets are generally cautious ahead of Q2 GDP data from US today. EUR/USD lost some momentum after hitting 1.3105/3123 cluster resistance and turned sideway while other major dollar pairs are generally staying in tight range, except USD/JPY.

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Daily Report: Yen Climbs on Poor Data, Market Cautious ahead of US GDP

The Euro (EUR) was strong in Europe pushing to month highs above 1.3100. The German Unemployment Rate fell to 7.6% in July with a drop of 20k unemployed. The market stalled above 1.3100 and when stocks turned negative in the US session the pair fell back to 1.3050 supports.

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EU Morning Report – USD Under Pressure, Euro Tests 1.3100