Intraday: Bearish Technical Analysis Preference: A sell trade is envisaged if price trades below 1.07794 with take profit at 1.07545 Alternative scenario: A buy trade is envisaged if price trades above 1.08086 with take profit at 1.08236 Fundamentals:1:30pm Unemployment Claims (USD)3pm ECB President Lagarde Speaks (EUR) Comment: Generally speaking, this pair has struggled breaking past a strong resistance level …
Intraday: Bullish Technical Analysis Preference: Buy position is envisaged if price trades above 1.41555 with take profit at 1.41906 Alternative scenario: Sell position is envisaged if price trades below 1.41094 with take profit at 1.40676 Fundamentals:No major economic data expected today Comment: The pair has established an uptrend on the hourly chart and the continuation will be confirmed once …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.08551 with take profit at 1.08184 Alternative scenario: Buy position is envisaged if price trades above 1.08777 with take profit at 1.08911 Fundamentals:EUR Main Refinancing Rate 12:45pmEUR Monetary Policy Statement 12:45pmEUR ECB Press Conference 1:30pmUSD Unemployment Claims 1:30pm Comment: The EURO gains from yesterday quickly …
Intraday: Bearish Technical Analysis Preference: Sell position is envisaged if price trades below 1.39259 with take profit at 1.38740 Alternative scenario: Buy position is envisaged if price trades above 1.40092 with take profit at 1.40579. Fundamentals:1:30pm USD Advance GDP q/q7:00pm USD FOMC Statement Comment: The pair nears the two-week low flashed the previous day amid broad US dollar weakness …
Intraday: Bearish Technical Analysis Preference: Sell if price trades below 1.08121 with take profit at 1.07840 Alternative scenario: Buy position is envisaged if price trades above 1.08355 with take profit at 1.08529 Fundamentals:French Flash Services PMI (EU) 8:15amFrench Flash Manufacturing PMI (EU) 8:15amGerman Flash Manufacturing PMI (EU) 8:30amGerman Flash Services PMI (EU) 8:30amUnemployment Claims (USD) 1:30pmFlash Manufacturing …
Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 1.08372 with take profit at 1.08266 * Alternative scenario: Buy position is envisaged if price trades above 1.09000 with take profit at 1.09221 * Fundamentals:No major economic data expected today Comment: Market sentiment on the pair remain bearish owing to the expected global recession …
Intraday: Bearish * Technical Analysis * Preference: A sell is in order if price trades below 1.08480 with take profit at 1.08433 * Alternative scenario: Buy once price trades below 1.08570 with take profit at 1.08630 * Fundamentals:IMF Meetings Eur: Trade Balance Final CPI Final Core CPIUSA: CB learning Index Comment: The greenback is currently basking in sentiments given that …
Intraday: Bearish * Technical Analysis * Preference: A sell is in order if price trades below 28.00 with take profit at 27.50 * Alternative scenario: Buy once price trades above 28.75 with take profit 29.22 * Fundamentals:None Comment: Oil has dropped in recent weeks but a recovery from this current slump is not evident given that Brent crude rose …
Intraday: Bearish * Technical Analysis * Preference: A Sell position is envisaged if price trades below 107.706 with take profit at 107.680 * Alternative scenario: A Buy position is envisaged if price trades above 107.815 with take profit at 107.990 * Fundamentals:USD Unemployment Claims 1:30pm Comment: most investors have been weary of the dollar and have recently started pumping their …
