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EUR/USD Technical Analysis– Prices found support at a rising trend line set from the March 27 low to test the 38.2% Fibonacci expansion at 1.3127. A...
Pivot: 93.55 Our preference: LONG positions above 93.55 with targets @ 97.2 98. Alternative scenario: The downside breakout of 93.55 will open the way to 92...
Pivot: 23.70 Our preference: LONG positions above 23.7 with targets @ 24.59 24.8. Alternative scenario: The downside penetration of 23.7 will call for a slide towards...
Pivot: 1463.00 Our preference: LONG positions above 1463 with 1486 1491.5 in sight. Alternative scenario: The downside breakout of 1463 will open the way to 1441...
THE TAKEAWAY: The US Dollar remains locked in a familiar range while the SP 500 has finally found the momentum to convincingly break above the 1600...
Viewed in the context of big picture market patterns, what happens in the next week could be significant to trends for the rest of the year....
Pivot: 1.026 Our preference: Long positions above 1.026 with targets @ 1.0355 1.0385 in extension. Alternative scenario: Below 1.026 look for further downside with 1.022 1.0165...
Pivot: 0.849 Our preference: Long positions above 0.849 with targets @ 0.856 0.8585 in extension. Alternative scenario: Below 0.849 look for further downside with 0.8455 0.8435...
US Dollar Technical Analysis– Prices recovered after putting in a Hammer candlestick above support in the 10424-28 area marked by the 23.6% Fibonacci retracement and the...
EUR/GBP Technical Analysis – Prices appear to be carving out a Triangle chart formation, which may be broadly indicative of bullish continuation (although confirmation is required...