Daily Pivots: (S1) 1.6475; (P) 1.6539; (R1) 1.6610; More… EUR/AUD retreated quickly after edging higher to 1.6601 and intraday bias remains neutral for the moment. Further rally will remain in favor as long as 1.6231 support holds. As noted before, correction from 1.6785 should have completed with three waves down to 1.5846. Above 1.6601 will […]
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In an interview with Helsingin Sanomat, ECB Vice President Luis de Guindos acknowledged the shifting priorities of the ECB as inflation continues to decline. Inflation is expected to return to the medium-term target of 2% Read more…
Daily Pivots: (S1) 193.16; (P) 193.89; (R1) 194.51; More… No change in GBP/JPY’s outlook and intraday bias stays on the downside. Corrective rise from 180.00 could have completed with three waves up to 199.79. Deeper Read more…
Daily Pivots: (S1) 161.17; (P) 161.64; (R1) 162.30; More…. Further decline is expected in EUR/JPY with 163.19 support turned resistance intact. Corrective rebound from 154.40 could have completed with three waves up to 166.67. Deeper Read more…