Daily Pivots: (S1) 0.8414; (P) 0.8422; (R1) 0.8433; More…. Intraday bias in EUR/GBP stays neutral as consolidation from 0.8382 is still in progress. Outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 from 0.8463 at 0.8274. […]
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Germany’s economy is forecast to contract by -0.1% in 2024, according to the Ifo Institute. The economy has been “treading water for five years”, with growth stalled amid structural challenges. The institute presents two possible Read more…
Daily Pivots: (S1) 0.8817; (P) 0.8836; (R1) 0.8860; More… Outlook in USD/CHF remains unchanged as corrective fall from 0.8956 should have completed at 0.8735 after hitting 55 D EMA. Intraday bias remains on the upside Read more…