Euro started the week with gains

The European currency rose against the yen and the dollar in early trading week, along with an increase in Asian shares, which increased the demand for higher-yielding assets, such as the Euro and Pound.
The European currency rose against the U.S. dollar during the Asian session, trading between a minimum of 1.3710 and a maximum of 1.3760. Couple faces resistance 1.3790, while the daily Momentum points to trade in the overbought area.
The British pound also rose against the dollar during the Asian session, trading between a minimum of 1.6070 and maximum 1.6109. Couple faces support 1.6070, while the full-time and four-Momentum indicate the trade in oversold territory.
The dollar rose slightly against the yen during the Asian session, trading between the maximum and minimum 81.75 811.61. Couple facing support 81.50, while full-time and four-point Momentum on trade in oversold territory.

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Began forming a coalition in Ireland

The election showed the ruling party (Faya Fyal), dominated the political firmament for decades suffered a crushing defeat and the opposition Faial Gael is now looking for support from the Labour Party or independent candidates elected to form a new government. What's critically important is that they not only want to review the agreement with the EU, but also put pressure on the major holders of bonds, so that they share the burden of saving the banks. If so, then in the next few weeks will be a lot of news about it from Ireland.

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A fragile peace in the beginning of the week

The dollar began the last trading day of the month low in 0,2%, minimum breakdown, on the main index. Will probably be more correct to say that the Middle East Several events have died down. Oil prices were frozen at $ 100 per barrel WTI, and although there was some recovery in Asia, it occurs to annual lows late last week, the developing countries in the region. Earlier this week, Aussie has attracted attention, trading in the upper range of 0,99-1,02, which was kept from the beginning of the month. However, the weakness of the dollar during the period of geopolitical instability, very instructive. And about where to send the cash flows of investors, we know from the relevant reports today and tomorrow to see what is selected as an alternate shelter in February.

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USD / CAD. Currency exchange rate has fallen to the region four-year low

Exchange rate still lies below the moving averages with periods of 34, 55, 89 and 144, which are directed downward and points to the continued bearish sentiment, as well as are a number of resistance levels 0.9840/50, 0.9875 and 0.9900.
MACD histogram is located in the negative zone and below its signal line, continues to gradually decline, and thereby sends a signal to sell USD / CAD.
Stochastic oscillator is in oversold territory and generates a similar signal as the% K line falls below the% D.
Therefore, as a confirmation of what the forex market in a given currency pair again could increase bearish sentiment, we can only wait for the breakdown of a local minimum of 0.9750, which will open the path to levels of 0.9710/00 and 0.9660/50.
Resistance levels: 0.9790, 0.9815, 0.9840/50, 0.9875
Current Price: 0.9759
Support levels: 0.9750, 0.9710/00, 0.9660/50, 0.9610/00

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AUD / USD. The struggle for the region of local max continues

Exchange rate still is above the moving averages with periods of 34, 89, 55 and 144, which are the support levels 1.0080/70 and 1.0050.
MACD histogram is located in the positive zone and above its signal line, continues to gradually rise, and thus sends a signal to buy AUD / USD.
Stochastic Oscillator is in the overbought zone and forms the opposite signal, since the% K line crossed the line% D top-down and started to fall below it.
The contradiction in the signals that serve indicators, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Breakdown of the local max 1.0200 and rising AUD / USD to levels of 1.0240/60 and 1.0300/10.
2. Break of 1.0150/30 support level and the correction to the levels of 1.0080/70 and 1.0050.
Resistance levels: 1.0200/10, 1.0240, 1.0260, 1.0300/10
Current Price: 1.0163
Support levels: 1.0150, 1.0130, 1.0080/70, 1.0050, 1.0010/00

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USD / JPY. Currency drifts in local minima

Exchange rate still lies below the moving averages with periods of 34, 144, 89 and 55, which are directed downward and points to the continued bearish sentiment, as well as are the levels of resistance to 82.45/55 and 82.85.
MACD histogram is located in the negative zone, but slightly above its signal line, continues to rise very slowly and thus gives no clear signal to buy USD / JPY.
Stochastic oscillator is in oversold territory and creates a similar, but just not a clear signal as the% K line only crossed the line% D from the bottom up, but not yet started to rise above it.
The absence of clear signals, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Break of 81.90 resistance level and the growth of USD / JPY to levels of 82.20 and 82.40/50.
2. Break the level of support and reduction of 81.60 USD / JPY to a local minimum of 81.25.
Resistance Levels: 81.90, 82.20, 82.40/50
Current price: 81.68
Support levels: 81.60/50, 81.25, 81.00

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USD / CHF. Currency drifts in new historic lows

Exchange rate still lies below the moving averages with periods of 34, 55, 144 and 89, which are directed downward and points to the continued bearish sentiment, as well as the next resistance levels are 0.9350, 0.9440, 0.9490 and 0.9520.
MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy USD / CHF.
Stochastic Oscillator is in the neutral zone and generates a similar signal as the% K line rises above the% D.
Despite two clear signals, as evidence that the forex market in a given currency pair could worsen rising correctional movement, we need to wait for the breakdown of the resistance level of 0.9330, which will open the path to levels of 0.9370, 0.9400 and 0.9430.
Resistance levels: 0.9290/0.9300, 0.9330, 0.9370, 0.9400, 0.9430, 0.9450
Current Price: 0.9273
Support levels: 0.9260, 0.9240, 0.9225, 0.9200, 0.9175, 0.9150, 0.9120/00

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