Intraday bias in EUR/GBP is turned neutral with current recovery. Some consolidations would be seen above 0.8360. Further decline is expected as long as 0.8453 support turned resistance holds Below 0.8360 will target 100% projection of 0.8728 to 0.8453 from 0.8611 at 0.8336. Firm break there will target 138.2% projection at 0.8231. In the bigger […]
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The Fed, the ECB and the Bank of Japan are most likely to keep interest rates unchanged. EURUSD is stabilising, helped by Moody’s reluctance to downgrade France’s credit rating. The US dollar has stabilised near Read more…
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Range trading continues in EUR/USD and intraday bias stays neutral. Further decline is expected with 1.1276 resistance intact. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, firm break of 1.1276 Read more…