Daily Pivots: (S1) 1.3170; (P) 1.3197; (R1) 1.3215; More… Intraday bias in GBP/USD stays on the upside at hits point. Current up trend should target 100% projection of 1.2298 to 1.3043 from 1.2664 at 1.3409. Read more…
Daily Pivots: (S1) 1.1140; (P) 1.1171; (R1) 1.1192; More…. EUR/USD is extending consolidation below 1.1200 and intraday bias remains neutral. Downside of retreat should be contained above 1.0007 resistance turned support to bring another rally. Read more…
Daily Pivots: (S1) 0.9442; (P) 0.9467; (R1) 0.9482; More…. EUR/CHF’s break of 0.9448 support suggests that rebound from 0.9209 has completed at 0.9579, after rejection by 55 D EMA (now at 0.9569). That also keeps Read more…
Euro weakened broadly today, weighed down by growing recession concerns in Germany. The Eurozone’s largest economy confirmed -0.1% contraction in GDP in Q2. Consumer sentiment showing deeper-than-expected deterioration, particularly in economic expectations. This decline follows Read more…