EUR/USD D-1 We open the daily chart for the EUR/USD pair and see on it practically the same situation as for the GBP/USD pair on the daily timeframe. Here a sideways price channel in the shape of a wedge was formed. After the EUR/USD pair rebounded...
Disappointing US economic data triggered a surge in the euro against the US dollar. This shift reflects growing concerns about the health of the American economy and raises the possibility of accelerated interest rate cuts by the Federal Reserve....
EUR/USD,H4 However, I expect the markets to remain relatively weak in the coming days for several reasons. Chief among these are Independence Day celebrations in the US. Thursday. Also, Wednesday’s UK parliamentary elections and Friday’s upcoming...
AUD/ USD Price Tendency We are presently dissecting the dynamic pricing behavior of the AUD/ USD currency pair. We have a developing trend that favors a bearish outcome. Sellers are gaining a clear advantage, intercepting activity at each resistance...
Today according to GBPUSD, the level of 1.2680 should work as resistance and I will assume a rollback to it within the day, if resistance 1.2680 cannot be broken, I again expect an impulse downwards from it towards 1.2570, given the distance to the...