EUR/GBP’s fall is in progress and intraday bias stays on the downside. Current down trend should target 100% projection of 0.8728 to 0.8453 from 0.8611 at 0.8336. On the upside, above 0.8400 minor resistance will turn bias neutral and bring consolidations first, before staging another fall. In the bigger picture, rise from 0.8221 (2024 low) […]
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The RBA does not want to promise what it will do, but it is increasingly trying to tell us what it thinks. Central banks’ communication is carefully scrutinised for every nuance. Lately, there seems to Read more…
Eurozone private-sector growth moderated in October, with PMI Composite falling from 53.1 to 51.9, its lowest level in four months. PMI Manufacturing eased from 52.9 to 52.4, while PMI Services declined from 53.0 to 51.7, Read more…
No change in EUR/USD’s outlook as range trading continues. Intraday bias remains neutral. Further fall is in favor with 1.1276 resistance intact. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, Read more…