EUR/USD is staying in range above 1.1159 and intraday bias remains neutral. Stronger rebound might be seen, but outlook will remain bearish as long as 1.1379 resistance holds. On the downside, sustained break of 100% projection of 1.1848 to 1.1323 from 1.1710 at 1.1185 will extend the fall from 1.2081 to 161.8% projection at 1.0861. […]
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GBP/USD rose to 1.3237 on Friday. Following a rapid decline, the pound has entered a consolidation phase, although the main external drivers remain a strong US dollar and a renewed rise in bond yields amid Read more…