The pound weakens as traders stay wary of political and economic uncertainties in Britain. The rebound came under pressure at 0.8780 at the origin of a mid-August sell-off. A bearish MA cross on the daily chart suggests a shift in sentiment, and the euro could be vulnerable unless it clears the said resistance. A bullish […]
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Daily Pivots: (S1) 1.1664; (P) 1.1707; (R1) 1.1732; More…. Range trading continues in EUR/USD and intraday bias stays neutral. Rise from 1.1408 is expected to continue as long as 1.1642 support holds. Firm break of Read more…
Daily Pivots: (S1) 1.3542; (P) 1.3601; (R1) 1.3634; More… Intraday bias in GBP/USD stays neutral as consolidations continue. Further rise is still expected as long as 1.3453 holds. Above 1.3657 will target 61.8% projection of Read more…
Daily Pivots: (S1) 0.7808; (P) 0.7829; (R1) 0.7861; More…. USD/CHF is staying in consolidations above 0.7778 and intraday bias remains neutral. Risk will remain on the downside as long as 0.7923 resistance holds. Firm break Read more…