The Euro remains constructive and probes again through cracked Fibo resistance at 1.1570 (38.2% of 1.1728/1.1468 descend), as recovery leg from 1.1468 was boosted by formation of bear-trap on weekly chart (under Kijun-sen). Repeated failure here in last two sessions (upticks were capped by 20 DMA and repeatedly failed to register close above this level) […]
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Eurozone inflation edged higher in February, with headline CPI finalized at 1.9% yoy, up from January’s 1.7% yoy. Core inflation, which strips out energy, food, alcohol and tobacco, also firmed to 2.4% yoy from 2.2% Read more…
EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…