Daily Pivots: (S1) 0.8334; (P) 0.8344; (R1) 0.8360; More… Intraday bias in EUR/GBP is turned neutral for consolidation above 0.8322 temporary low. In any case, outlook will stay bearish as long as 0.8417 resistance holds. Read more…
Daily Pivots: (S1) 1.5669; (P) 1.5727; (R1) 1.5763; More… Intraday bias in EUR/AUD stays neutral and outlook is unchanged. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support Read more…
Daily Pivots: (S1) 1.0430; (P) 1.0468; (R1) 1.0498; More…. EUR/CHF retreated sharply after hitting 1.0510 and intraday bias is turned neutral first. Corrective rebound from 1.0342 could extend higher. But strong resistance should be seen Read more…
Markets US headline inflation in December hit the expected 4-decade high of 7% mark yesterday, even as energy and natural gas prices – a month’s-long driver – eased month over month. In another sign of Read more…
EUR/USD During yesterday’s trading session, the bulls have managed to violate the critical resistance level at 1.1360, taking out the currency pair from the range it has been trading in for quite a while. The Read more…
The EURUSD price jumped sharply in the overnight session as investors reflected on the latest American consumer price index (CPI) data. The pair rose to the highest level since November 11 after data showed that Read more…
It has been a relief to see the US inflation not going above expectations for once! The consumer price index in the US rose 7% y-o-y in December, the highest pace in four decades, BUT, Read more…
Daily Pivots: (S1) 1.1379; (P) 1.1416; (R1) 1.1477; More… Intraday bias in EUR/USD remains on the upside. Rebound from 1.1185 should target 38.2% retracement of 1.2265 to 1.1185 at 1.1598. As we’re tentatively treating is Read more…
Daily Pivots: (S1) 1.3646; (P) 1.3680; (R1) 1.3737; More… Intraday bias in GBP/USD remains on the upside as rise from 1.3158 is extending. No change in the view that corrective fall from 1.4282 should have Read more…
Daily Pivots: (S1) 0.9101; (P) 0.9172; (R1) 0.9215; More…. Intraday bias in USD/CHF remains on the downside for 0.9084/9101 support zone. Firm break there will argue that choppy rise from 0.8925 has completed. Deeper fall Read more…