Daily Pivots: (S1) 1.1268; (P) 1.1298; (R1) 1.1334; More… Intraday bias in EUR/USD remains mildly on the downside. Corrective rebound from 1.1185 should have completed at a.1482. Deeper fall would be seen back to 1.1185 first. Firm break there will resume larger down trend from 1.2348 to 61.8% projection of 1.1908 to 1.1185 from 1.1482 […]
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In focus today In the euro area, focus turns to inflation data for Germany and Spain which we receive ahead of the euro area data tomorrow. We expect euro area headline inflation to rise to Read more…
Appetite on Wednesday was limited on both sides of the Atlantic Ocean. In the US, the crowded economic data came in mostly in line with expectations, confirming that the US economy grew 2.8% in Q3 Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… Intraday bias in EUR/USD remains neutral and further decline is expected with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from Read more…