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EUR/USDGBP/USDUSD/JPYEUR/USD The euro dropped versus the majority of its most-traded counterparts amid speculation Europe’s effort to expand its bailout fund to 1 trillion euros ($1.3 trillion) is falling short.The euro was little changed at $1.3317 at 5 p.m. New York time, after earlier gaining to as high as $1.3442, the strongest level since Nov. 23.AUD/USD Australia’s dollar maintained earlier gains after reports showed capital expenditure surged while bank lending slowed.The so-called Aussie traded at $1.0033 as of 11:32 a.m. in Sydney, from $1.0022 before the data.USD/CAD Canada’s dollar rose as oil prices climbed and American consumer confidence increased in November by the most in more than eight years, boosting appetite for higher-yielding assets.Canada’s currency, also known as the loonie for the image of the aquatic bird on the C$1 coin, gained 0.2 percent to C$1.0321 per U.S. dollar by 5 p.m. in Toronto.
USD/JPYDaily Pivots: (S1) 77.68; (P) 78.11; (R1) 78.86
EUR/GBP's rebound from 0.8221 resumed last week by taking out 0.8409 resistance and reached as high as 0.8505. A temporary top is formed there with 4 hours MACD crossed below signal line. Thus, initial bias is neutral this week for some sideway trading.EUR/JPY here...EUR/JPY's rally from 97.03 accelerated to as high as 109.23 last week. The strong break of the near term falling trend line resistance indicates that fall from 123.31 has likely finished on bullish convergence condition in daily MACD.
EUR/JPY updatedSold at 109.21Bought at 109.02Profit 19 pips