Daily Pivots: (S1) 0.8504; (P) 0.8518; (R1) 0.8527; More… Intraday bias in EUR/GBP stays neutral at this point. On the downside, below 0.8478 will target 55 D EMA (now at 0.8455). Sustained trading below there will suggest that whole rise from 0.8221 has already complete and turn outlook bearish. However, break of 0.8622 resistance will […]
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GBPUSD sends mixed signals near key support area of 1.3250. Bulls need a decisive close above 1.3285. GBPUSD seems to have ended Monday’s session with an inverted hammer candlestick – a potential sign of a Read more…
Eurozone PPI fell -1.6% mom in March, dragged down by a steep -5.8% mom drop in energy costs. Excluding energy, however, PPI ticked up 0.1% mom. Annually, PPI stood at 1.9% yoy, down from prior Read more…
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