The dollar index consolidates after Friday’s almost 0.5% drop, sparked by downbeat US nonfarm payrolls data which cooled expectations for Fed rate hike and deflated the greenback. Traders shift their focus on US July inflation report (due on Wednesday) to get more details about the central bank’s monetary policy trajectory. Economists expect inflation to ease […]
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EUR/JPY’s break of 55 4H EMA (now at 183.14) suggests that fall from 187.42 has completed at 179.34. Intraday bias is back on the upside. Further rally should be seen to 61.8% retracement of 187.93 Read more…
Intraday bias in EUR/GBP stays neutral for the moment. While rebound from 0.9453 might extend, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of 0.8528 support Read more…
Intraday bias in EUR/AUD remains neutral for the moment. Corrective pattern from 1.6108 (or 1.6125) is still extending. On the upside, above 1.6530 will target 1.6617 resistance first. On the downside, break of 1.6250 will Read more…