Two-day recovery seems to be running out of steam, following repeated failure to break above thin daily cloud, with long upper shadows on daily candles, warning of persisting pressure. Technical picture on daily chart is bearishly aligned as MA’s remain in full bearish setup and 14-day momentum turned south and nearing the centreline. Another failure […]
The post EUR/GBP outlook: Thin Daily Cloud Provides a Lot of Headwinds and Keeps Risk of Recovery Stall appeared first on Action Forex.
Daily Pivots: (S1) 1.0453; (P) 1.0492; (R1) 1.0534; More… Range trading continues in EUR/USD and intraday bias remains neutral. More consolidations could be seen above 1.0330 temporary low but further decline is expected as long Read more…
Daily Pivots: (S1) 1.2536; (P) 1.2575; (R1) 1.2608; More… GBP/USD is staying in range above 1.2486 temporary low and intraday bias stays neutral. More consolidations could be seen and further decline is expected as long Read more…
Daily Pivots: (S1) 0.8835; (P) 0.8877; (R1) 0.8905; More… Range trading continues in USD/CHF below 0.8956 and intraday bias remains neutral. More consolidations could be seen and outlook will stay bullish as long as 0.8800 Read more…