DXY: Price is testing our 1st resistance at 104.59 which is an overlap resistance. Reversing from here could see it drop to our 1st support at 103.74 which lines up with our 38.2% Fibonacci retracement. Breaking that level could see a further drop to 2nd support at 102.90 that lines up with our 50% Fibonacci […]
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In an interview with the Financial Times, ECB President Christine Lagarde expressed optimism about nearing the inflation target. She remarked that ECB is “very close” to declaring that inflation has been “sustainably” brought back to Read more…
Key Highlights EUR/USD started a recovery wave from the 1.0350 zone. A key bearish trend line is forming with resistance near 1.0450 on the 4-hour chart. GBP/USD is facing hurdles near the 1.2650 and 1.2720 Read more…
EURCHF falling inside minor impulse wave 5 Likely to fall to support level 0.9250 EURCHF currency pair continues to fall inside the minor impulse wave 5, which started earlier from the pivotal resistance level 0.9430 Read more…