The euro clawed back losses after solid GDP growth in the eurozone in Q1. On the daily chart, the pair is in an ascending triangle pattern, foreshadowing a breakout that would dictate the direction in Read more…
The US dollar recovered in anticipation of consumer price data on Friday. Medium-term sentiment remains upbeat and a break above 0.9760 may have put the greenback back on track as sellers rushed to cover their Read more…
EUR/USD The single European currency continued to move in the range between 1.0640 and 1.0750, but yesterday’s trading session was more successful for the bulls as they tried to breach the closest resistance at 1.0746, Read more…
Daily Pivots: (S1) 167.28; (P) 167.91; (R1) 168.93; More… Intraday bias in GBP/JPY is turned neutral with today’s retreat. Some consolidations could be seen but downside should be contained above 162.88 minor support to bring Read more…
Daily Pivots: (S1) 142.46; (P) 143.36; (R1) 144.77; More…. EUR/JPY retreats mildly but intraday bias stays on the upside. Sustained break of 144.06 long term projection level could bring even further medium term upside acceleration. Read more…
Daily Pivots: (S1) 0.8509; (P) 0.8537; (R1) 0.8577; More… Intraday bias in EUR/GBP remains neutral and outlook is unchanged. With 0.8365 support intact, further rise is in favor. On the upside, break of 0.8617 will Read more…
Daily Pivots: (S1) 1.4815; (P) 1.4869; (R1) 1.4955; More… Intraday bias in EUR/AUD remains neutral for the moment. On the downside, break of 1.4759 minor support will resume the decline from 1.5277 to 1.4597 support. Read more…
Daily Pivots: (S1) 1.0429; (P) 1.0460; (R1) 1.0518; More…. Intraday bias in EUR/CHF remains on the upside for 1.0513 resistance. Decisive break there will resume whole rebound from 0.9970, for 1.0610 structural resistance. On the Read more…
Daily Pivots: (S1) 1.2529; (P) 1.2547; (R1) 1.2576; More… Further decline is still expected in USD/CAD with 1.2685 minor resistance. Fall from 1.3075 should target 1.2401 support first. Decisive break of 1.2401 support will argue Read more…
Daily Pivots: (S1) 0.7165; (P) 0.7201; (R1) 0.7226; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. Further rise will remain in favor as long as 0.7034 support holds. Current development raised the Read more…