Range trading continues in EUR/USD and intraday bias stays neutral. Further decline is expected with 1.1276 resistance intact. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, firm break of 1.1276 will indicate short term bottoming, and bring stronger rebound to 55 D EMA (now at 1.1373). In the bigger picture, […]
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The Fed, the ECB and the Bank of Japan are most likely to keep interest rates unchanged. EURUSD is stabilising, helped by Moody’s reluctance to downgrade France’s credit rating. The US dollar has stabilised near Read more…
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Intraday bias in USD/JPY remains neutral for the moment. On the downside, firm break of firm break of 156.06 will argue that rebound from 152.87 has completed after failing to sustain above 55 D EMA. Read more…