Daily Pivots: (S1) 0.8660; (P) 0.8672; (R1) 0.8689; More… Intraday bias in EUR/GBP is turned neutral with current recovery. On the downside, below 0.8654 will resume the fall from 0.8750 to 0.8631 support. Decisive break there will indicate near term reversal and turn outlook bearish for 38.2% retracement of 0.8221 to 0.8750 at 0.8548. However, […]
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Eurozone inflation edged higher in February, with headline CPI finalized at 1.9% yoy, up from January’s 1.7% yoy. Core inflation, which strips out energy, food, alcohol and tobacco, also firmed to 2.4% yoy from 2.2% Read more…
EUR/USD is consolidating near 1.1532 on Wednesday, with markets adopting a wait-and-see stance ahead of the Federal Reserve’s decision. The Fed is widely expected to keep rates unchanged. Investor attention will focus on Jerome Powell’s Read more…