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Chart of the Day -EURGBP- (Jan. 23rd 2019)
The EURGBP is about to trigger a double top pattern as we test the 88% retracement on the daily chart.
Chart of the Day -EURGBP- (Dec. 10th 2018)
The EURGBP has been held hostage by the resistance at the 61.8% retracement at .8930 which broke today.
EUR Pairs Heavy or at Resistance
Ahead of Thursday’s ECB meeting and with a crisis brewing in Spanish Catalonia the EUR is trading heavy or at significant resistance in some crosses which are worth watching for bearish reversals.
King Dollar No More?
The US Dollar has experienced a prolonged and material decline in 2017. The DXY index has dropped from 102.80 (2nd January) to 91.33 (8th September), which roughly represents an 11% loss.
Deciphering the BoE
The Bank of England’s Monetary Policy Committee met last week and there were some interesting developments. We will try to sieve through the plethora of information and pick what we think were the salient points.