Daily Pivots: (S1) 1.3797; (P) 1.3814; (R1) 1.3840; More… Further decline is mildly in favor with 1.3903 resistance intact, for 1.3727 fibonacci level next. However, considering bullish convergence condition in 4H MACD, firm break of 1.3903 resistance should indicate short term bottoming, and turn bias back to the upside for stronger rebound to 55 D […]
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GBPUSD sends mixed signals near key support area of 1.3250. Bulls need a decisive close above 1.3285. GBPUSD seems to have ended Monday’s session with an inverted hammer candlestick – a potential sign of a Read more…
Eurozone PPI fell -1.6% mom in March, dragged down by a steep -5.8% mom drop in energy costs. Excluding energy, however, PPI ticked up 0.1% mom. Annually, PPI stood at 1.9% yoy, down from prior Read more…
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