EUR/USD Today's support: - 1.3900(main), where correction is possible. Break would give 1.3888, where correction also may be. Then follows 1.3862. Break of the latter would result in 1.3826. If a strong impulse, we would see 1.3794. Continuation will give 1.3767.
Once again, more attempts to breach the 126.66 level had failed. Since the beginning of the week, we have been pointing out to the significance of this level where if we do witness a successful breakout to this key resistance for the sideways channel, we will definitely see a new...
Risk aversion paired with narrowing demands for carry trades pushed the GBPJPY to its lowest level in over a decade, and the downward trend is likely to hold as we head into the New Year as investors continue to curb their appetite for risk. Increased selling pressures dragged the pair...
Euro was silent in yesterday's session holding the 1.40 (21 4-hourly EMA) resistance and closing the session at 1.3926 levels. Daily charts are moving towards over-sold region while the other charts are giving an up move. Support comes in at 1.38 levels (55 4-hourly) but thin volumes can be observed...
The pair continues to trade above the 38.2% correction at 1.3890 within narrow ranges. The bullish momentum helped the pair continue inclining as it was able to remain above this level, but it needs now to close above the 1.4005 level on the four hour charts to initiate a new...