Steep fall off 0.7661 (Apr 5 spike high) extends into fourth consecutive week, following last week’s acceleration that resulted in weekly loss of 2%. Fresh weakness in early Monday hit the lowest in nine weeks and tested solid support at 0.7148 (200WMA), after emerging below ascending daily cloud (spanned between 0.7204 and 0.7277). Risk aversion […]
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Daily Pivots: (S1) 0.8652; (P) 0.8664; (R1) 0.8673; More… Intraday bias in EUR/GBP remains neutral at this point, and more consolidations could be seen. Further fall is expected with 0.8685 support turned resistance intact. On Read more…
Daily Pivots: (S1) 1.6275; (P) 1.6341; (R1) 1.6380; More… Intraday bias in EUR/AUD is back on the downside with break of 1.6340 temporary low. Fall from 1.6842 should target a retest on 1.6125 low. Firm Read more…
Daily Pivots: (S1) 0.9197; (P) 0.9208; (R1) 0.9219; More…. Intraday bias in EUR/CHF stays neutral first and consolidations from 0.9264 could extend. But still, further rise is expected with 0.9155 support intact. On the upside, Read more…