Month: March 2022

The euro rallies on news that the EU may issue a joint bond to fund energy and defense. The pair found bids near May 2020’s lows (1.0810). An oversold RSI on the daily chart prompted Read more…

EUR/USD The European common currency recovered quite a bit of its recent losses against the greenback, and during the early hours of today`s trading, the pair tested the resistance zone at 1.1055. A confirmation of Read more…

Markets Full-blown risk-on. Equities rallied like there was no tomorrow with gains in Europe reaching almost 8% (German Dax) and up to 3.6% on Wall Street (Nasdaq). The EuroStoxx50 (+7.44%) convincingly smashed resistance at 3608 Read more…

The mind-blowing rally in the European and US stock markets was quite hard to explain. The optimism from the announcement that the EU would issue a massive joint bond to finance the skyrocketing costs of Read more…

Daily Pivots: (S1) 151.87; (P) 152.32; (R1) 153.19; More… Intraday bias in GBP/JPY remains neutral for consolidation above 150.95. Further decline is still expected as long as 155.20 resistance holds. On the downside, break of Read more…

Daily Pivots: (S1) 126.71; (P) 127.59; (R1) 129.17; More…. EUR/JPY’s break of 127.90 support turned resistance argues that fall from 133.13 has completed at 124.37 already. Intraday bias is mildly on the upside for 130.27 Read more…

Daily Pivots: (S1) 0.8338; (P) 0.8378; (R1) 0.8439; More… Intraday bias in EUR/GBP stays mildly on the upside at this point. Further rise would be seen to 0.8476 key structural resistance at 0.8476. Firm break Read more…

Daily Pivots: (S1) 1.4989; (P) 1.5074; (R1) 1.5212; More… Intraday bias in EUR/AUD remains neutral first despite the strong rebound from 1.4561. Further decline is still expected as long as 1.5354 support turned resistance holds. Read more…

Daily Pivots: (S1) 1.0164; (P) 1.0218; (R1) 1.0313; More…. Intraday bias in EUR/CHF remains neutral first despite the strong rebound from 0.9970. As long as 1.0298 support turned resistance holds, larger decline from 1.1149 is Read more…

Daily Pivots: (S1) 1.2776; (P) 1.2835; (R1) 1.2867; More… USD/CAD retreated quickly after edging higher to 1.2899 and intraday bias is turned neutral gain. On the upside, break of 1.2899 will target 1.2963 resistance first. Read more…