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FxGrow Daily Technical Analysis – 22nd June, 2017 By FxGrow Research & Analysis Team USD/CAD Testing 100-EMA Ahead of Candian Retails Sales USD/CAD has been testing 100-EMA at 1.3340 for the second consecutive session. Yesterday, the pair rallied +84-pips with 1.3347 high and today, market is showing low price action with only 21-pips as price action. Currently USD/CAD is trading 1.3317 as U.S Index continues to show weakness. On the other hand, crude oil levels dropping to 10 months lows kept the loonie under pressure with failure to extend gains. Add to that, NAFTA terms re-negotiations still weigh on Canadian economy with no recent updates or ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 22nd June, 2017 By FxGrow Research & Analysis Team EUR/USD Revives The Bullish Trend Ahead of U.S Data EUR/USD plunged yesterday to 1.1127 low but managed to make a reverse course with a daily bullish candle at 1.1169 high. Today, the pair clocked a newer high at 1.1177 with expectations for further pip-gains as the greenback trading pale with 97.05 low. Fundamentally, U.S Dollar was receiving a lifting hand by FOMC members, crossing wires extending hawkish stance ever since U.S Feds hiked a 0.25% interest rates for desperate measures knowing that current Trump policy and it's negative impact on the buck will limit the Index from normal gains. EUR/USD awaits U.S Unemployment Claims today ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 21st June, 2017 By FxGrow Research & Analysis Team Oil Glut Still Overwhelms Market With Fear Ahead Of U.S Inventories Crude oil prices has been on a gradual decline since 25th of May with $9.00 loss and $42.93 low yesterday. Despite OPEC and Non-OPEC reports showing a high level of compliance during May estimated at 108%, fear of global oversupply still overwhelms the market, pushing oil prices lower. Libya's oil production rose more than 50,000 bpd to 885,000 bpd after the state oil company settled a dispute with Germany's Wintershall.Nigerian oil supply is also ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 21st June, 2017 By FxGrow Research & Analysis Team Sterling: Expectation For Additional Dips Ahead of Local Data GBP/USD remains under threat after hung Parliament election. The pair awaited yesterday for a hawkish stance by BOE Carney, but as the Gov. terminated the possibility of potential rate hikes, the cable dropped pressure with 155-pips yesterday landing on 1.2603 low. on the other hand, PM May latest news indicates that Conservatives have failed to reach out to DUP Party with a deal to control Parliament seats majority ahead of spiky Brexit negotiations which adds more pressure on Pound. Sterling awaits local Sector Net Borrowing data, followed by Haldane speech this after noon, but the above ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

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FxGrow Daily Technical Analysis – 20th June, 2017 By FxGrow Research & Analysis Team Gold In A Correction Phase, Still The Downside Persists Gold extended the bearish momentum for the 10th consecutive session shedding -$12.70 yesterday and 1243 low for yesterday. First, Gold bumped into support at 1247 with RSI indicating an oversold market, as a result, gold managed to make a correction at 1253, but as FOMC members Dudley and Evans crossed wires with an additional hawkish stance, gold was sold aggressively pushing the precious metal into second support at 1242 despite that RSI (H1) indicated an oversold market at 20 level. Currently, gold is on a correction phase trading 1247, with a possibility for further additional correction mode at 1249 as RSI re-balances to 50 level (H1), which will give a signal for market to continue ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 20th June, 2017 By FxGrow Research & Analysis Team GBP/USD Retreats Over Hawkish FOMC Statements, Awaiting Carney The cable is showing some minor recovery from yesterday's sharp dips, pulling GBP/USD to 1.2723 low after peeking 1.2814. The pair managed to touch its 20-EMA at 1.2815, but as FOMC members Dudley, then Evans crossed wires with a hawkish tone, the buck was getting ultra positive attention with U.S Index peeking to 97.54 high yesterday, disrupting GBP/USD from further gains. Currently, GBP/USD is trading 1.2745 intraday. Greenback, still yet to receive additional boost today as two FOMC members (Fischer & Kaplan) will cross wires again today as both members will be consistent (Hawkish tone) with U.S Fed gangs, which will keep the cable under pressure. Carney, BOE's Gov. will make an appearance too on behalf on Sterling, still no ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 19th June, 2017 By FxGrow Research & Analysis Team EUR/USD Under Pressure By Recovering U.S Dollar EUR/USD inaugurated Monday's trading session with 26-pips loss and 1.1182 low. Currently, U.S Dollar is showing signs of recovery, inching higher with 97.24 high for today. Technically, the pair is still trading above 20-EMA at 1.1175 which keeps the market in an uptrend destination. Closing above 1.1200 level, suggests for more attacks and the pair will test R1 at 1.1228, then 1.1252. On the other hand, if EUR/USD closed below 20-EMA, expectations for a correction phase within Friday's range at 1.1130+. Fundamentally, Macron's victory for French Parliament should give a boost for the pair and keeping the ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 16th June, 2017 By FxGrow Research & Analysis Team EUR/USD Inches Higher Ahead of Local Data EUR/USD lost 96-pips value yesterday after plunging to 1.1132. Still the pair pressured by recovering U.S Dollar with 97.54 June record after hawkish FOMC meeting on Wednesday. Currently the pair is trading 1.1156 intraday, still below its 20-EMA at 1.1170. Overall, signs of bearish momentum revolves for EUR/USD taking into consideration boosted U.S Dollar with June hike, but EURO awaits local data shortly, which can give some solid ground to re-climb the 1.1200 again, still market has to see how ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 16th June, 2017 By FxGrow Research & Analysis Team USD/JPY Testing 50-EMA Ahead of BOJ Statement As expected, BOJ has maintained Interest Rates at current -0.1% with 44-pips price action movement for Friday trading session. USD/JPY rallied to to 111.27 high, currently trading 111.15, flirting with 50-EMA at 111.19. Currently, U.S Index is still pushing higher with 97.54 June record high, giving bull hand to USD/JPY with expectations for further incline for the pair. The pair still awaits BOJ's press conference shortly and market will have to wait for Gov. Kuroda statement with expectation for more ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 15th June, 2017 By FxGrow Research & Analysis Team Gold Downtrend To Be Confirmed Today, Eyes on U.S data Gold peeked yesterday to 1281.13 after disappointing multiple inflation U.S key figures that decreased Sept Fed hike odds down to 38% after being at 54%. After that, eyes were centered at FOMC meeting yesterday with high anticipation for a definite rate increase with 0.25%, followed by a statement by Yellen which turned hawkish more than expectations. As a result, U.S Index was strengthening, adding pressure on gold, pushing the precious metal downward with almost -$21 (1257.16 low) before closing the session. Currently gold is trading 1255.49, after plunging to 1253 low (S1), below 50-EMA daily at 1259 which is 100% confirmation for ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 15th June, 2017 By FxGrow Research & Analysis Team GBP/USD: Fundamentals and Technical Ahead of BOE Decision GBP/USD inaugurated Thursday's trading session with further declines at 1.2723 low after peeking yesterday 1.2817 high as the greenback recouped yesterday's losses with 97.13 high for today after U.S Fed delivered market expectations for 0.25% rate hike. Currently the pair is trading 1.2734 intraday, below 50-EMA daily at 1.2790, with expectation for further declines as U.S Index pushes higher. There are many fundamentals for GBP today that will contribute with bull and bear forces. First, BOE Interest Rates decision today at 11:00 AM GMT, with a definite expectation that BOE will keep rates at current 0.25% due to coming Brexit negotiations, disappointing last week election, Conservatives losing majority in Parliament, yesterday's weaker Average Earnings at 2.1%, last but not least, during last BOE statement after rates were kept untouched, BOE ditched changing rates for late 2019.Logically, when Central Banks keeps rates unchanged, a currency should witness some decline but ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 14th June, 2017 By FxGrow Research & Analysis Team FOMC: Fundamental and Technical Overview Markets is anticipating a definite rate hike with an additional 0.25% to current 1.00%. Currently, odds are at 100%, confirmed by major sources. In case FOMC delivered a rate increase, the question that follows is how will the FOMC's statement address Inflation and balance sheet. Job sector is out performing recently but inflation last reported in April shows 2.2%, still on gradual decline last reported on Feb 2017 at 2.7%, not stable at 2% target as U.S Fed sees ultimate. Beside (Inflation??), Yellen will have to answer for $4.5 trillion balance sheet supporting US Reserve needs with a surplus, far from market requirement. In case the statement kept asset purchasing without a reduction or setting a specific date, this could send a negative shock to market that could limit U.S Dollar gains Another matter still revolves in mind, Yellen promised three rate hikes for 2017. Once was delivered on March, second is expected ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 14th June, 2017 By FxGrow Research & Analysis Team Crude Oil Desperately Pushes higher With Failure, U.S Inventories Eyed Crude Oil traded below $50 bp benchmark for the past two weeks, still receiving mixed signals by both OPEC and increasing U.S inventories output and with that, traders are taking precaution measures, avoiding the black gold commodity trading. On Monday, oil peek recorded $46.69 bp weekly high but failed to hold soft gains, still closing below 46.00 level. Recent political tension in middle east including Qatar and Saudi Arabia fueled oil prices with $48.20 bp high, but as both opponents pledged for the market that despite the rift that's still going on will, OPEC deal or output production still runs ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 13th June, 2017 By FxGrow Research & Analysis Team Gold Technical Overview Ahead Of U.S Data Currently gold is trading 1263 after plunging today to 1261.68 low and peeking to 1267.12. Overall, signs of bearish momentum persists for the precious metal but U.S data today and major FOMC statement tomorrow will give a better outlook on how gold will trade for the coming days. Closing above 1265 (R1) with a penetration for R2 1269.50 will re-embrace bullish momentum with additional attacks towards R3 at 1274.17. The other scenario (currently preferable), gold broke below 1265 and tested first support level at 1261.54, in case of penetration, next ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 13th June, 2017 By FxGrow Research & Analysis Team EUR/USD Trades Flat for The Second Session Ahead of U.S Data For the consolidation session, EUR/USD has been trading fat, hitting support 1.1190 and re-bouncing successfully. Today the pair dipped to 1.1185 with -5-pips testing, but managed clock 1.1224 high for today after receiving a booster by Positive French NFP with 0.4% compared to 0.3% on previous sessions. However, negative German WPI with -0.7% put an end for EUR/USD rising trend as the pair is currently trading 1.1202 intraday, with efforts to hold the 1.1200 level. EU data is conducted for today, but shortly, the U.S will release PPI and Core CPI which will affect the pair trading shortly as market ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 13th June, 2017 By FxGrow Research & Analysis Team Sterling Remains Under Negative Election Spell Ahead of Local Data PM May called for snap elections with effort to increase seats for Conservatives to dominate upcoming political decisions and pave the road for solid negotiation for upcoming Brexit with the EU, but instead, UK citizens strafed May giving her 318 seats instead of 326 (Before Election). As a result the British Pound was on an intensive decline destination associated with heavy selloffs. Since Friday, the pair shed -311-pips, and for three consecutive sessions, the pair flirted with support level 1.2630 with a re-bounce. Today, the pair plunged to 1.2642, and clocked a 1.2683. Fundamentally, Sterling awaits hefty local data today which could put a stop for further declines depending on the ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 12th June, 2017 By FxGrow Research & Analysis Team Gold Pushes Higher Seeing Weakness In U.S Dollar Last week, gold market witnessed $30.20 loss equal to -320-pips price action, landing on 1264.64 low after peeking to 1296 on Tuesday which indicated signs of bearish momentum and the downside prevailed for the precious metal. Today, gold rallied with almost +$5, peeking 1270.32 as high which can be considered signs of a correction phase, still bearish momentum persists in case gold closed below 1264, 100% confirmation for downtrend destination. However, the morning rally could change ground rules for the commodity, in case gold managed to ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 12th June, 2017 By FxGrow Research & Analysis Team EURO/USD Shows Signs of Recovery but Remains Under Pressure After a busy week conducted for EURO as ECB kept Interest Rates at 0% basis not tapering with QE purchasing program, a negative shock selling wave pushing EUR/USD to 1.1166 testing a strong support and re-bouncing to 1.1237 high in Friday. Yesterday, the EURO was busy with French Parliament Election and as Macron was set for crushing victory for his party, EUR/USD is showing signs of recovery for today's trading session with 1.1217 high till now, and expectations for more gains as U.S Index plunged to 97.09 low. As for U.S Dollar, the greenback is under pressure with Trump's accelerating events through media in a negative pace which could give a lending hand for EURO. Technically, the pair plunged to 1.1197 low, testing an old support at 1.1190 successfully, and in case EUR/USD managed to ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 8th June, 2017 By FxGrow Research & Analysis Team Technical and Fundamentals Why Gold Could See 1300+ As expected, gold bumped into strong resistance level located at 1295 with +1.16 extra as first test on level, ending Wednesday's session with 1296.16 highest. After that the precious metal has been on a gradual decline retreating with dignity anchoring yesterday at 1282.16 low. Today gold still shows weakness v.s sideways trading greenback between 96.93 high and 96.33 low (U.S Index), and so far XAUUSD scored 1283.19 with expectation for further dips as hourly candle stick shows as a pattern unless gold managed to penetrate 1291 level (R1) and closed above R2 (1295), third destination will be 1305 (R3). But the question is, what makes 1295 and 1305 so critical levels for gold is that currently, XAUUSD stands on the edge of breaking loose seeing 1310+ as a potential is: A closer look at the chart will explain the triangle or zigzag pattern that gold has been demonstrating ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 8th June, 2017 By FxGrow Research & Analysis Team EUR/USD Inches Higher, But Will Super Draghi Deliver? EUR/USD made a test at daily 7-EMA 1.1245 and rebounced successfully but has failed to over top 1.1284 this week high but today, the pair has a chance to surpass recent sessions peeks seeing 1.1300+ as a potential. Currently the pair is trading 1.1258 with low volatility, confined with 17-pips price action, but expectations that EUR/USD will demonstrate a super volatility ahead of ECB Interest Rates decision with expectations high for no game changer especially that inflation is 1.7% in EU, still below 2%. Then Super Draghi will give a speech on behalf of ECB today, and the Gov. will either confirm recent rumors of abandoning QE program which was the main reason for fueling the EURO and keeping it dwelling above 1.1200 successfully. In case Draghi delivered, EUR/USD prepares for a jet ride with incline destination. Market should focus on Draghi's speech and there is scenario that Draghi says that inflation remains low and the ECB sees not reason for changing QE (Quantitative Easing Program), in case this happened, market to take this as ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 7th June, 2017 By FxGrow Research & Analysis Team Crude Oil Dips Over Fears of Market Glut, Awaiting U.S Inventories Crude oil failed for the 8th consecutive session to break above $50 bp, taking a gradual decline ladder flirting with 46.70 support level, still below its 200-EMA daily level at 49.10. Middle east tension, specifically Gulf and the media throw-stone between Arab nations was seen in two perspectives. First market suspected that the rift could affect crude supply with shortage pushing oil yesterday to $48.38. Second, as image was getting clearer, the thought that Gulf tension could affect OPEC cut extension with fear that the rift could result in breaking the output deal with possibility that market could witness a glut pushed oil prices lower at $46.92 bp yesterday despite OPEC's effort through media that the pact still holds and there is no fear for agreed 1.8M output cut. But markets needed more ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 6th June, 2017 By FxGrow Research & Analysis Team UK Election With Potential Impact On Forex Market Thursday, June 8th 2017, UK election will take place and market will undergo sharp volatility with a reminder of how Sterling was a on chaotic ride between ups and downs during Brexit, but perhaps this time with less severe volatility, but there will be action in the market bringing opportunities for traders. The latest general election polls indicates that the gap between Labour and the Conservatives has narrowed further still. As uncertainties are still hoovering without any clear signs on how final result could end. At such moments, gold (as safe haven) will be the greatest winner during UK election and today's sharp rallies are only a starter and it will prolong before and after the election take place depending on the final outcome, along with it GBP. Below are possible scenarios on what market should expect... Note: During and after coming UK General Election, FxGrow will introduce: 1 -NO CHANGES IN MARGIN REQUIREMENTS 2- NO CHANGES IN MAX. LEVERAGE AVAILABLE. 3- FULL NEGATIVE BALANCE PROTECTION. For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 6th June, 2017 By FxGrow Research & Analysis Team Gold Invades 1280 level Successfully, Currently at 1290 Level A superb home run for gold today rallying from 1279.61 low, with resistance levels falling like domino bricks and after finishing 1280 successfully, the yellow metal is currently busy with 1290 level after clocking a high at 1293.74 for now, but expectations for advanced inclines seeing 1295 as the first bump (R1) with previous setbacks from this point. In case gold over passed it, there are no restrictions for XAUUSD seeing 1300+ as next conquest. In absence of macro-economic interpreting the sharp rallies and reasons for heavy demand for gold today, UK coming elections this Thursday June 8th could be ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.

FxGrow Daily Technical Analysis – 6th June, 2017 By FxGrow Research & Analysis Team EUR/USD Remains Bullish Despite the Correction Phase EUR/USD fails for the second trading session this week to overpass 1.1285 (Friday's highs), with yesterday’s peek up to 1.1283, and today 1.1277. The pair is confined with Friday’s bullish candle shadow which holds further correction mood amid at 1.1220 (S2). But overall, EUR/USD is still trading above its 15-EMA at 1.1177, which keeps bullish forces intact and withhold further potential attacks taking into consideration yesterday’s U.S negative data, pushing the greenback lower as the Index plunged today to 96.47 2017-fresh lows. Fundamentally, Trump with his relentless effort favoring lower U.S Dollar and last week’s rumors about ECB potentially removing QE program fueled EURO but rumors will be tested this ... For more in depth Research & Analysis please visit FxGrow. Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.