The euro edged higher after an ECB official supported the idea of a stronger currency to combat inflation. The pair is bouncing off December 2017’s lows at 1.0350. The RSI’s oversold situation on both daily and hourly charts led some sellers to cover as a wave of profit-taking could help the euro snap back from […]
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Germany’s ZEW Economic Sentiment plunged sharply in March, highlighting how rapidly confidence is deteriorating under the weight of the global energy shock. The expectations index collapsed from 58.3 to -0.5, far below market forecasts of Read more…
On 10 March, analysing the EUR/USD chart, we: → considered the long-term descending channel, which remains relevant; → noted that the sequence of lower lows A–H was broken with the appearance of a higher peak Read more…
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