Daily Pivots: (S1) 1.0328; (P) 1.0381; (R1) 1.0412; More… EUR/USD’s steep decline and strong break of 1.0371 minor support suggests that corrective recovery from 1.0176 has completed at 1.0531 already. Intraday bias is back on the downside for 1.0176 support. Firm break there will resume whole fall from 1.1274. For now, outlook will remain bearish […]
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The Australian dollar is coming off a nasty week, declining 1.6%, and the slide has continued on Monday. AUD/USD fell as In the European session, AUD/USD is trading at 0.6146, down 1% on the day. Read more…
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Crude oil started the week with some volatility, driven by tariffs and trade war concerns. Despite the initial recovery, I see this as a temporary corrective reaction higher in Elliott wave terms, and that sooner Read more…