Consolidation to precede final push towards 1.1422 target
The Euro pulls back in early European trading on Thursday after probe above Fibo barrier at 1.1362 (76.4% of 1.1422/1.1168).
The single currency is inflated by risk sentiment and generated positive signal on Wednesday’s eventual close…
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The dollar was sold across the board on rising stocks and signals that the US economy will not be…
The index price accelerated lower in early US trading on Wednesday, to almost fully erase Tuesday’s gains and signaling that recovery was short-lived.
The price is falling for more than one week, since the double-top was left at 0.9768/78.…
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Upside rejection and subsequent extension lower bring in play risk of recovery stall
Cable dipped back to 1.2500 zone after hitting three-week high (1.2592) on Tuesday, where the rally, inspired by optimism on EU/UK trade talks, stalled ticks ahead of pivotal Fibo barrier at 1.2598 (61.8% of 1.2813/1.2251 descend), leaving…
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Bulls crack important barrier that may open way for significant advance
Spot gold cracked psychological $1800 barrier on Wednesday, after taking out Sep 2012 high at $1795, hitting the level for the first time since Nov 2011.
The yellow metal is in steep uptrend since Aug 2018, with stronger fluctuation seen…
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The downside is expected to remain at risk while daily cloud caps the action
The pair struggles to keep positive tone following the third consecutive upside rejection on Wednesday, as the today’s action capped by rising base of daily cloud.
Daily candles with long upper shadows (Mon/Tue) weigh on near-term action…
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Bulls remain in play above broken trendline
The Euro regains traction and pressures 1.1300 barrier in early Wednesday’s trading after repeated upside rejection and Tuesday’s close in red.
Near-term action remains biased higher after Tuesday’s dip closed above key levels at 1.1269/65…
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