The EURUSD has finally cracked the multi month range lows and seems to be breaking lower (finally!) to test the 127% extension of the last rally.
The EURUSD finally broke higher out of the two month consolidation with the pair reaching as high as 1.1550 today.
The USD (DXY) has been range bound for months, and mostly this is a product of many cross currents in the markets. Equity market volatility, weakness of fundamental data globally stating to seep in, the FOMC looking to be at the end of their hike cycle, China and US trade war brewing, and the list […]
Two days ahead of the ECB meeting and the EURUSD is probing a triangle consolidation support.
The EURUSD has broken the key 1.1300 support and is at fresh yearly lows. We have a long term head and shoulder’s pattern, which if completed, could take the pair back towards parity.
With Italy frequently dominating the headlines in the recent weeks, it’s a good idea to take a macro look at the Eurozone: its origins, some aspects of its structure, and what dangers it might face in the near future.
The EURUSD is trading about 100 pips from key support at the 1.1300 level which was aggressively defended last week. However, a downtrend line and previous support (early October) is capping the rally thus far.
Sunday the 4th March is the day of the 2018 Italian parliamentary elections, and this has been a highly anticipated event. We’re going to discuss the various outcomes and their probabilities, but first we’re going to talk about the current market sentiment.
Good day traders! Following Christmas and New Year holidays we have seen a new bout of dollar weakness across the board which may not be over yet based on recent price developments.
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.