The second round of French legislative election brought new surprises on the table – to say the least. Not only Marine Le Pen’s far-right National Rally didn’t win a majority but the New Popular Front Read more…
Daily Pivots: (S1) 0.6727; (P) 0.6741; (R1) 0.6762; More… Intraday bias in AUD/USD remains on the upside for the moment. Current rally should target 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. On Read more…
Daily Pivots: (S1) 1.3612; (P) 1.3633; (R1) 1.3663; More… Intraday bias in USD/CAD remains neutral for the moment. Corrective pattern from 1.3845 could still extend. Break of 1.3589 will target 100% projection of 1.3845 to Read more…
Daily Pivots: (S1) 0.8447; (P) 0.8462; (R1) 0.8473; More… Intraday bias in EUR/GBP remains neutral first. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from 0.8396 short Read more…
Daily Pivots: (S1) 1.6038; (P) 1.6067; (R1) 1.6088; More… Intraday bias in EUR/AUD remains neutral as consolidation from 1.5996 is still extending. Outlook will remain bearish as long as 1.6211 support turned resistance holds. On Read more…
Daily Pivots: (S1) 0.9695; (P) 0.9718; (R1) 0.9733; More…. EUR/CHF dips further today but stays above 0.9639 minor support. Intraday bias remains neutral and further rally is still expected. Above 0.9754 will target 0.9928 high. Read more…
No party secured an absolute majority in the French National Assembly, leaving it highly fractured after the election. The left-wing New Popular Front (NPF) became the largest party, securing 182 seats. Macron’s centrist “Ensemble” alliance Read more…
Daily Pivots: (S1) 173.79; (P) 174.14; (R1) 174.57; More… EUR/JPY dips mildly today but stays above 173.07 minor support. Intraday bias remains neutral for the moment. More sideway trading could be seen first. On the Read more…
Euro dips mildly a in Asian session after French parliamentary elections on Sunday delivered unexpected results. The markets had anticipated a challenging outcome for centrist President Emmanuel Macron, including a hung parliament. Yet, the outcome Read more…
Key Highlights EUR/USD recovered above the 1.0800 resistance zone. A key bullish trend line is forming with support at 1.0790 on the 4-hour chart. GBP/USD climbed above the 1.2750 and 1.2800 resistance levels. Gold prices Read more…