EUR/GBP fell to as low as 0.08595 last week but recovered after drawing support from 38.2% retracement of 0.8354 to 0.8752 at 0.8600. Initial bias is turned neutral this week first. On the upside, break of 0.8652 will suggest that the corrective pattern from 0.8752 has completed and retain near term bullishness. Intraday bias will […]
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Eurozone producer price inflation accelerated sharply in March, with PPI rising 3.4% mom and 2.1% yoy, exceeding expectations of 3.3% mom and 1.8% yoy. The increase was driven overwhelmingly by energy costs, highlighting the growing Read more…
EUR/USD rose to 1.1717 on Wednesday, snapping a three-day losing streak. Pressure on the US dollar stems from growing expectations that the US will reach a negotiated settlement with Iran, reducing demand for the USD Read more…
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