Daily Pivots: (S1) 1.1269; (P) 1.1354; (R1) 1.1401; More… Intraday bias in EUR/USD remains mildly on the downside for the moment. Pull back from 1.1572 short term topping could extend lower. But downside should be contained by 38.2% retracement of 1.0176 to 1.1572 at 1.1039. On the upside, break of 1.1572 will resume larger up […]
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As the charts show, the USD/CHF exchange rate fell below 0.810 US dollars per franc earlier this week. The pair had not traded this low since the 2008 financial crisis. Demand for the Swiss franc Read more…
EURUSD rose in early Thursday’s trading signaling that larger bulls regained traction after two-day pullback from new four -year high (1.1573) found footstep at 1.1300 zone. Near-term bias is expected to remain firmly bullish while Read more…