Intraday bias in EUR/USD remains on the downside at this point. Current decline should target 1.0904 fibonacci level. For now, risk will stay on the downside as long as 1.1272 resistance holds, in case of recovery. In the bigger picture, current development suggests that fall from 1.2081 medium term top could be reversing the rise […]
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Gold fell to 3,909 USD per ounce on Friday, its lowest level in almost a year. The metal is under pressure from fears of persistent US inflation and expectations of further interest rate hikes. The Read more…
Intraday bias in USD/JPY remains on the upside for 160.38 resistance first. Firm break there will pave the way to 100% projection of 152.87 to 159.02 from 156.06 at 162.21. On the downside, below 159.31 Read more…