EURUSD faces risk of further move lower as it sold off the past week. Resistance comes in at the 1.0850 where a break will turn risk to the 1.0900 level. A breach below here will target the 1.0950 level. Further up, resistance stands at the 1.1000...
First, a review of last week’s events: - EUR/USD. Stop-loss orders on long positions for this pair are triggered one after another for the second week in a row. The bulls retreat, successively surrendering all their lines of defense...
The euro tanked to 1.0838 against the US dollar. Trend and momentum indicators remain comfortably negative, but the relative strength index (at 21.75%) warns that the single currency may have been sold too fast in a too short period of time and it could soon be time for an upside correction...
The US equities swung between hope and despair, but the three major indices closed lower on Thursday. Worries that the coronavirus cases may have spiked added to the New York Fed’s announcement that it will further curb repo operations. Asian stocks were mixed. Nikkei (-0.59%) and Topix (-0...
Pivot (invalidation): 13640.00 Our preference Long positions above 13640.00 with targets at 13767.00 & 13894.00 in extension. Alternative scenario...