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The overnight Globex Market sold off after yesterday’s strong bear channel down. Today will probably have at least two hours of sideways trading since yesterday’s selloff was climactic....
The EUR/USD Bulls tried to get a reversal up over the past two days. However, the channel down is tight. This increased the probability or more sideways to down. The bears want to get down to the...
'Preliminary readings of the PMIs for business activity in the euro area generally revealed a worse-than-expected deterioration. According to the composite index, the last time the euro area industry...
The EURUSD is trying to reverse up. However, any bull reversal is likely to be minor. The bear channel down from the May high is tight, which increases the odds of sellers above and a 2nd leg...
The EUR/USD pair managed to regain some of the lost ground on Friday after sliding to its lowest level in nearly two months earlier on the day. At the time of writing, the EUR/USD pair is trading...
The EURUSD is Always In Short and trying to reach the March 24th low. The channel down is tight, increasing the odds that the first reversal down will fail. The bulls need to develop more buying...
The US dollar has exhibited strength this week, largely driven by optimism and speculative anticipation regarding the US debt-ceiling. Market speculators anticipate the approval of the debt-ceiling...
The US dollar has strengthened against its major rivals over the past two weeks, gaining 2% against a basket of major currencies. The Dollar Index surpassed 103, a level not seen since the second half...
The EUR/USD is Always In Short, following the bear breakout that ended on May 12th. the follow-through selling is strong enough that the first reversal up will probably be minor. This means the best...
The US dollar is rising against all of her major rivals today despite a lack of US economic data. EUR/USD broke down from its 1.09-1.11 sideways range last week, marking a top. The next level of...
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