EUR/USD’s rise from 0.9534 resumed last week and hit as high as 1.0544. Further rally is expected as long as 1.0289 support holds. Next target is 1.0609 fibonacci level. However, firm break of 1.0289 support will confirm short term topping and bring deeper decline back to 1.0092 resistance turned support. In the bigger picture, a […]
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Yesterday offered a moment of relief for some investors amid the Trump euphoria sweeping through the markets. The nomination of Scott Bessent for Treasury Secretary resonated well across investment communities as the man – who Read more…
In focus today Tonight, FOMC will publish minutes from its November meeting. Markets remain divided over whether the Fed will continue cutting rates in December, so any clues about the most likely policy rate path Read more…
Daily Pivots: (S1) 1.0453; (P) 1.0492; (R1) 1.0534; More… Range trading continues in EUR/USD and intraday bias remains neutral. More consolidations could be seen above 1.0330 temporary low but further decline is expected as long Read more…