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EUR/JPY decline was countered with a bullish engulfing

EUR/JPY weekly came across the bullish engulfing pattern scan on FXStreet's Algo Rythms.

The technical picture shows the MACD oscillator fluctuating below its median line and printing higher lows, a sign that downward momentum is dwindling. This condition may ultimately lead to a classical bullish divergence.

Equally significant in its bullish implications is the close above the weekly pivot point. Failure to quote above this level during the next days would undermine the pattern.

USD/RUB bulls lighting up their positions

USD/RUB bulls lighting up their positions
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ECB' Lautenschlager: Eurozone countries still face very large domestic vulnerabilities

ECB's executive board member Lautenschlager, crossed the wires over the weekend, noting that Eurozone countries still face very large domestic vulnerabilities related to the high stocks of debt, both public and private, and to a large number of structural rigidities.
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