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The US dollar bounced back against its forex counterparts yesterday, thanks to upbeat CPI data.
USDJPY previously made a downside break from a tight consolidation pattern, signaling further downside momentum.
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The US dollar gave up a lot of ground to its forex counterparts in recent trading sessions, spurred mostly by disappointing retail sales data.
EURGBP has been moving steadily higher but is still inside a rising wedge consolidation pattern.
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The US dollar had a mixed performance as it acted mostly as a counter currency in recent trading sessions.
EURJPY has formed higher lows and lower highs, creating a symmetrical triangle pattern on its 4-hour chart.
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The absence of US traders kept the dollar on weak footing, as traders continued to price in weaker odds of a Fed liftoff before the end of the year.
CHF has slowly been trending higher on its 1-hour chart, as the recent lows of price action can be connected by an ascending trend line.
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The US dollar continued to give up ground against its forex counterparts despite stronger than expected data from the economy.
USDCHF has been trending lower on its 1-hour chart, moving inside a descending channel and testing support.