Thursday 26th March: Pound Trades from Heavyweight Resistance Ahead of BoE
Key risk events today: UK Retail Sales m/m; BoE Official Bank […]
Wednesday 25th March: DXY Continues to Retreat; Eyes 101.00
Key risk events today: German Final IFO Business Climate; UK Inflation; […]
Tuesday 24th March: Technical Outlook and Review
Key risk events today: Eurozone, UK and US Manufacturing and Services […]
Monday 23rd March: Weekly Technical Outlook and Review
Downside risks continue to build long term in EUR/USD, absorbing bids from the 2016 yearly opening level at 1.0873 and channel support, taken from the low 1.1215.
Friday 20th March: Dollar Continues Relentless March Higher
Europe’s shared currency extended losses for a third successive session Thursday. Erasing more than 200 points and registering 37-month lows at 1.0654, EUR/USD tunnelled through a number of key technical supports, including the 1.0777 level and the 1.07 handle.
Thursday 19th March: Dollar Remains Bid at Multi-Year Highs.
Key risk events today: RBA Gov Lowe Speaks; SNB Monetary Policy […]
Wednesday 18th March: Dollar Index Remains Enthusiastic Though Testing Resistance at 99.62
Key risk events today: Canada Inflation; US Building Permits. (Previous analysis […]
Tuesday 17th March: Technical Outlook and Review.
Technically, EUR/USD remains within an interesting consolidation between 1.1223 and 1.1045 on the H4 scale. The upper boundary contains January’s opening level at 1.1222, a 38.2% Fibonacci resistance at 1.1223 and the 1.12 handle.
Monday 16th March: Weekly Technical Outlook and Review
The 2019 yearly opening level from 1.1445 elbowed its way back into the spotlight last week, with bears reasserting their dominance and snapping a three-week winning streak. Down more than 180 points, price dipped its toes back within a descending channel formation (1.1569/1.1215), and is poised to revisit support priced in at 1.0873 (the 2016 yearly opening level) this week, in line with the primary trend, drifting south since 2018.
