Daily Pivots: (S1) 160.65; (P) 161.98; (R1) 163.06; More… Intraday bias in EUR/JPY remains neutral for the moment. Some more consolidations could be seen, but another rally is mildly in favor as long as 159.79 support holds. Above 163.30 minor resistance will turn bias back to the upside. Rise from 156.16 is seen as a […]
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Dollar Index started the new year with a pronounced surge. Sterling, Euro, and Swiss Franc bore the brunt of this strength, reflecting the sluggish economic outlook in Europe and ongoing concerns about the impact of Read more…
EUR/USD’s decline from 1.1213 resumed by breaking through 1.0330 support last week. A temporary low might be formed at 1.0223 and initial bias is turned neutral this week first. But further decline is expected as Read more…