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The main currency pair on Monday is holding near the level of 1.0882, which is close to the minimum of seven weeks.The trend of investors massively avoiding risks is bolstering the dollar. Panic was...
The sharp fall in German producer prices is both a signal of easing inflationary pressures and a warning of a sharp slowdown in demand.The German producer price index fell by 1.1% in July, dwarfing...
NZDUSD is severely oversold so a bounce is possible to minor resistance at 5975/85. Shorts need stops above 5995.Strong resistance at 6015/25. Shorts need stops above 6040. USDCAD longs at support at...
The EUR/USD is finding support near the July 6th low. While the channel down is tight, traders are buying below bars which is a sign of hesitation by the bears. The rally up from July 6th was strong....
The EURUSD formed a downside breakout yesterday and went below the July 6th buy signal bar high. Because the market was in a trading range, the odds favored the July 6th breakout point (gap) closing,...
EUR/USD: It's probable that the high buy signal bar from July 6th will be tested within the upcoming days. The July 6th buy signal bar led to a strong rally and trapped bears above its high. Since...
EURUSD Forex daily chart The EUR/USD is forming a tight trading range above the July 6th high. The July 6th high is a magnet, and the market will probably reach its high over the next few days. The...
The EUR/USD is trying to get an upside breakout and a close above the moving average after forming a higher low with the August 3rd low. The bulls want today to close with a strong buy signal bar,...
US inflation is expected to rise to 3.3% ECB singing a dovish tune ahead of the September meeting The euro has climbed higher on Thursday. In the European session, EUR/USD is trading at 1.1020, up...
The EUR/USD formed a tight trading range over the past 8 bars. Until there is a clear breakout of the tight trading range, traders should assume that the tight trading range price action will...
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