Europe is an unintended victim of the Middle East conflict. The growing likelihood of two ECB rate hikes is not enough to boost EURUSD. The US dollar posted its strongest weekly performance in a year and may extend its rally amid intensifying geopolitical risks in the Middle East. Political developments in Iran have increased uncertainty […]
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Daily Pivots: (S1) 0.7781; (P) 0.7810; (R1) 0.7838; More…. Range trading continues in USD/CHF and intraday bias stays neutral. On the downside, break of 0.7671 support will revive near term bearishness and bring retest of Read more…
Daily Pivots: (S1) 1.3333; (P) 1.3372; (R1) 1.3431; More… GBP/USD is still bounded in range above 1.3252 and intraday bias remains neutral. Risk will stay on the downside as long as 1.3574 resistance holds, in Read more…
Daily Pivots: (S1) 1.1563; (P) 1.1594; (R1) 1.1641; More…. Intraday bias in EUR/USD remains on the downside for the moment. Current decline from 1.2081 should target 38.2% retracement of 1.0176 to 1.2081 at 1.1353 next. Read more…