EURUSD retains neutral phase in short term MACD and RSI extend bearish momentum EURUSD slides significantly after the failed attempt to surpass the 1.0600 round number and is currently challenging the 1.0500 handle. The pair has remained in a tight range of 1.0450–1.0600 over the last month, with the technical oscillators suggesting more declines. The […]
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Germany’s economy is forecast to contract by -0.1% in 2024, according to the Ifo Institute. The economy has been “treading water for five years”, with growth stalled amid structural challenges. The institute presents two possible Read more…
Daily Pivots: (S1) 0.8817; (P) 0.8836; (R1) 0.8860; More… Outlook in USD/CHF remains unchanged as corrective fall from 0.8956 should have completed at 0.8735 after hitting 55 D EMA. Intraday bias remains on the upside Read more…