Daily Pivots: (S1) 1.6441; (P) 1.6600; (R1) 1.6710; More… EUR/AUD’s pull back from 1.6800 extended lower today and intraday bias is now on the downside. Firm break of 38.2% retracement of 1.5963 to 1.6800 at 1.6480 will bring deeper fall to 61.8% retracement at 1.6283. For now, risk will stay mildly on the downside as […]
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Dollar Index started the new year with a pronounced surge. Sterling, Euro, and Swiss Franc bore the brunt of this strength, reflecting the sluggish economic outlook in Europe and ongoing concerns about the impact of Read more…
EUR/USD’s decline from 1.1213 resumed by breaking through 1.0330 support last week. A temporary low might be formed at 1.0223 and initial bias is turned neutral this week first. But further decline is expected as Read more…