Daily Pivots: (S1) 1.7657; (P) 1.7682; (R1) 1.7726; More… Immediate focus is on 55 D EMA (now at 1.7726) as rebound from 1.7477 extends. Sustained break there would argue that fall from 1.8160 has completed, and bring stronger rise back to 1.7976 resistance next. Rejection by 55 D EMA will keep near term outlook bearish. […]
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We expect the Federal Reserve to keep its monetary policy unchanged at the March meeting, in line with consensus and market pricing. Powell will avoid giving firm forward guidance regarding the Fed’s reaction to the Read more…
EUR/USD halts sharp pullback, rebounding from July lows. But momentum signals and ‘death cross’ keep bearish bias intact. EUR/USD pares losses at a seven-and-a-half-month low near 1.1450 EUR/USD is attempting to recover some lost ground Read more…
EUR/USD is recovering losses from 1.1500. USD/JPY is correcting gains from 159.00 and might decline further if it stays below 158.30. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro struggled to stay in Read more…