Daily Pivots: (S1) 1.0561; (P) 1.0668 (R1) 1.0724; More… Intraday bias in EUR/USD stays on the downside at this point. Rebound from 1.0348 should have completed at 1.0786, , after multiple rejection by 55 day EMA. Deeper fall would be seen back to retest 1.0348 low, and more importantly 1.0339 long term support. On the […]
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European currencies are showing subdued dynamics, entering a consolidation phase following their previous advance. Earlier, EUR/USD and GBP/USD broke out of their ranges and strengthened; however, the subsequent correction has led both pairs to retest Read more…
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