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The EUR/USD yesterday created a strong bull trend bar, closing above the prior bar’s high. This is a sign of strength by the bulls and will increase the odds of bears buying back shorts after...
Modest US dollar weakness is emerging as the Fed begins their two-day policy meeting; the euro is back above the 1.07 level, while the loonie is advancing below the 200-day SMA, and as the...
The EUR/USD formed a sell climax last week and went below the May 31st low. While the bears have done a good job getting to the May 31st low, the market is forming consecutive sell climaxes. This...
The GBP/USD is in focus ahead of this week’s key events: FOMC and BoE rate decisions. We also have UK CPI and retail sales, as well as global PMI figures to look forward to this week. The BoE...
The EUR/USD yesterday formed a bear breakout of the recent tight trading range and reached the May 31st low. The bears hope that yesterday started a successful breakout below a tight bear channel...
A full breakdown of EUR/USD and GBP/USD from monthly to 1-hour charts to identify long & short-term trade opportunities.Today’s Trade Ideas:Video Analysis:
Prior to today’s ECB meeting, there was a bit of uncertainty whether the ECB would hike or not, with markets pricing in a 65% implied probability of a 25-bps hike. In the end, it went ahead with...
The EUR/USD is continuing to go sideways near the May 31st low. The bears see the tight trading range as a bear flag that will lead to a test of the May 31st low. The bulls want a bull breakout of...
EURUSD continues to hover around the 1.0720-1.0727 areaShort-term bearish trend remains firmly in placeBut the stochastic oscillator could open the door to a bullish moveEURUSD continues to hover...
ECB rate decision expected to be a close call US to release retail sales and producer prices The euro is showing limited movement on Thursday, ahead of today’s ECB rate decision. In the European...
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