Daily Pivots: (S1) 0.8424; (P) 0.8439; (R1) 0.8460; More… Intraday bias in EUR/GBP remains neutral and consolidation from 0.8399 could extend further. But upside should be limited by 38.2% retracement of 0.8624 to 0.8399 at 0.8485. On the downside, break of 0.8417 minor support will turn bias to the downside for 0.8399 support, and then […]
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Dollar regained its dominance in the currency markets last week, surging ahead despite US Treasury yields struggling to break through resistance levels. Investors continued to adjust their expectations for Fed’s monetary policy, increasingly anticipating a Read more…
EUR/USD’s decline from 1.1213 resumed last week and fell to as low as 1.0495, before recovering just ahead of 100% projection of 1.1213 to 1.0760 from 1.0936 at 1.0483. Initial bias stays neutral this week Read more…
USD/JPY’s rise from 139.57 continued last week and hit as high as 156.74 before retreating. Initial bias stays neutral this week first and some consolidations could be seen. But further rally is expected as long Read more…