Tuesday 22nd December: Technical Outlook and Review
Weekly resistance at 1.3503 (the 2018 yearly opening value) making a stand over the past couple of weeks may eventually force price action to lower levels. Weekly support at 1.3250 (the 2020 yearly opening value) made an appearance on Monday.
Monday 21st December: Technical Outlook and Review
Price action on the weekly timeframe, as highlighted in recent technical briefings, also reveals further selling could be on the cards this week. Recent weeks witnessed price elbow through the 2020 yearly opening value at 1.2975 and Quasimodo support coming in at 1.2887. With both 1.2975 and 1.2887 depicting resistance, sustained downside places the 2018 yearly opening value at 1.2579 in the firing line. Also important to note is that long-term flow has been pointing lower since topping in March.
Friday 18th December: Technical Outlook and Review
USD weakness, fuelled by Thursday’s risk-on environment and Fed Chair Powell’s dovish tone in the post-meeting press conference on Wednesday, led EUR/USD to fresh multi-year pinnacles.
Thursday 17th December: Technical Outlook and Review
Key risk events today: MPC Official Bank Rate Votes, BoE Monetary […]
Tuesday 29th October: Safe-haven markets offered amid risk-on trade.
EUR/USD movement picked up a modest bid Monday amid risk-on trade, adding 20 points, or 0.19%. Overall, however, it was an otherwise quiet start to what indeed should be an eventful week ahead.
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Thursday 19th January: Daily technical outlook and review
A note on lower timeframe confirming price action… Waiting for lower […]
Thursday 7th April: European Open Briefing
Global Markets: Asian stock markets: Nikkei down 0.25 %, Shanghai Composite […]
