Can the pair reach 1.0000? EUR/USD had been moving lower since May 2021, as concerns kicked in that the ECB wasn’t doing enough to help the European economy starve off high inflation. Indeed, inflation continued to move higher over the next year to a recent high of 8.6% in May 2022, and the ECB has […]
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Daily Pivots: (S1) 0.8996; (P) 0.9017; (R1) 0.9050; More… No change in USD/CHF’s outlook and intraday bias stays neutral. On the upside, firm break of 0.9053 will suggest that corrective pattern from 0.9200 has already Read more…
Daily Pivots: (S1) 1.2549; (P) 1.2585; (R1) 1.2612; More… Intraday bias in GBP/USD is turned neutral first with current strong recovery. On the upside, break of 1.2715 will resume the rally from 1.2099 to 1.2810 Read more…
Daily Pivots: (S1) 1.0350; (P) 1.0385; (R1) 1.0410; More… EUR/USD’s strong rebound today is mixing up the near term outlook. But still, intraday bias stays neutral and further decline is in favor as long as Read more…