Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 1.12424 with take profit at 1.12805. Alternative scenario: Sell is in order if price trades below 1.11758 with take profit at 1.11698. Fundamentals:ALL DAY EUR Economic Summit Comment: Technically price is at a proven support and sentiments seems to favour the EUR today given fundamentals from …
Intraday: Bullish Technical Analysis Preference: A Buy is in order if prices trade above 1.12993 with take profit at 1.13330. Alternative scenario: Sell is in order if price trades below 1.12627 with take profit at 1.12189. Fundamentals:5:00pm USD Fed Chair Powell Testifies Comment: The dollar drifted lower in early European trade Wednesday, but ranges are tight as investors …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.12180 with take profit at 1.11964. Alternative scenario: Buy position is envisaged if price trades above 1.12702 with take profit at 1.13274. Fundamentals:No major economic data with direct bearing on the currency pair. Comment: The pair is currently trading on an upward channel on the daily chart suggesting …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.12703 with take profit at 1.12256. Alternative scenario: Buy position is envisaged if price trades above 1.13223 with take profit at 1.13699. Fundamentals:ECB President Lagarde Speaks (EUR) 2:45 PM Comment: The common currency benefited from the decision of the European Central Bank (last week) to increase bond purchases to help the weakest economies …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.11555 with take profit at 1.11750. Alternative scenario: Sell position is envisaged if price trades below 1.10937 with take profit at 1.10659 Fundamentals:No major economic data with direct bearing on the pair Comment: The Greenback is currently pressured by the seeming recovery of global economies in …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.09445 with take profit at 1.09251. Alternative scenario: Buy position is envisaged if price trades above 1.09687 with take profit at 1.09902. Fundamentals:8:30am EUR ECB President Lagarde Speaks Comment: The decline could be associated with the worries about the US response to China’s proposed security …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.08391 with take profit at 1.08004 Alternative scenario: Buy position is envisaged if price trades above 1.09153 with take profit at 1.09295 Fundamentals:No major economic data with direct bearing on the pair Comment: The Greenback is envisaged to surge higher against the common currencies after it was reported that Germany the Bloc’ biggest …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.08113 with take profit at 1.07834 Alternative scenario: Buy position is envisaged if price trades above 1.08286 with take profit at 1.08451 Fundamentals:No major economic data expected today Comment: The hawkish statement of the Chairman of the Federal Reserve earlier today is envisaged to lend …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.08031 with take profit at 1.07809 Alternative scenario: Buy position is envisaged if price trades above 1.08328 with take profit at 1.08779 Fundamentals:1:30 pm Unemployment Claims (USD) Comment: This pair got rejected at the 1.08 level after the Fed Chair made a statement squashing all …
