EURUSD Daily Analysis: Our dead cat bounce analysis from yesterday was confirmed as the pair once again was heavily sold into, bringing the pair back down to 1.0850 (which would have easily hit our TP target from Friday). Our bias … Continue reading
EURUSD Daily Analysis: Currencies are prone to some big swings right now, as we saw late Friday spike on light news and low volume that was quickly sold into by Euro bears. Bulls were not able to sustain any sort … Continue reading
EURUSD Daily Analysis: We continue to chase the short-term trend, which is flipping every day as the market continues to juggle risk appetite vs Euro woes (i.e. Greece). We are switching back to our long-term bearish view here as bulls … Continue reading
EURUSD Daily Analysis: Euro has broken through a key 61.8% retracement line (black fibonacci on 4h chart above), sharply increasing the short-term bullish momentum on the pair and increasing the likelihood of a rise to 1.12 in the coming days. … Continue reading
Key Points of the June 18th FOMC release, paraphrased: “Information received since the Federal Open Market Committee met in April indicates that growth in economic activity has rebounded in recent months. Labor market indicators generally showed further improvement. The … Continue reading
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