Daily Pivots: (S1) 1.6284; (P) 1.6321; (R1) 1.6393; More… Intraday bias in EUR/AUD remains neutral and more consolidations would be seen above 1.6125 first. Outlook will remain bearish as long as 1.6594 resistance holds. Firm Read more…
Daily Pivots: (S1) 0.8619; (P) 0.8638; (R1) 0.8656; More… Intraday bias in EUR/GBP stays neutral and more consolidations could be seen above 0.8615 first. Further decline is expected as long as 55 D EMA (now Read more…
Daily Pivots: (S1) 0.9018; (P) 0.9038; (R1) 0.9054; More…. EUR/CHF is still extending the consolidation pattern from 0.8979 and intraday bias stays neutral. Risk will stay on the downside as long as 0.9092 support turned Read more…
Daily Pivots: (S1) 212.28; (P) 212.75; (R1) 213.09; More… Intraday bias in GBP/JPY remains mildly on the downside at this point. Rebound from 207.20 should have completed with three waves up to 213.28. Deeper fall Read more…
The week started on a now-usual pattern, with oil prices pushing higher at the open and retracing part of their gains as investors digested the latest news from the Middle East. The major developments include Read more…
In focus today Today, focus continues to be on tensions in the Middle East and its impact on energy markets. Trump stated on Friday that the US will be hitting Iran “very hard over the Read more…
Daily Pivots: (S1) 181.85; (P) 182.75; (R1) 183.26; More… Immediate focus is now on 182.00 support in EUR/JPY with today’s decline. Firm break there will resume the fall from 184.75 to retest 180.78 low. Decisive Read more…
Markets stayed cautious today as hopes for a multinational naval coalition to escort tankers through the Strait of Hormuz ran into early resistance from key governments. While the proposal briefly raised expectations that the disruption Read more…
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Key Highlights EUR/USD extended losses and traded below 1.1480. A key bearish trend line is forming with resistance at 1.1550 on the 4-hour chart. GBP/USD also declined further and traded below 1.3320. Crude oil prices Read more…