01-03-2017 10:10 AM
Very interesting article on the persistent 3 year ranging of eurusd and why, after the round of Euro elections, it may bounce.
20-07-2017 10:33 AM
Big day for eurodollar, balanced on the monthly range top and waiting for directions up or down from the Draghi presser at 1:30 pm.
25-08-2017 07:55 AM
August bull flag consolidation, beware over weekend positions with Jackson Hole symp, Draghi and Yellen speeches and UK August bank holiday Monday.
EURUSD looking for a direction push and may find it as news from the symposium is digested.
List of key CB phrases to listen out for by Bloomberg.
EURUSD daily chart.
11-10-2017 09:22 AM
Is at an interesting level, after completing the head and shoulders pattern on daily chart now retesting the neckline. FOMC minutes from last meeting released today at 7 pm may determine which direction next for eurusd.
Daily and 1 hour chart.
4 weeks ago
Interesting pin bar shaping up on the daily chart at repeated resistance/supply level 1.1860 which would suggest a down turn to find new support/demand, most recently found at 1.1600.
2 weeks ago
Re-visiting resistance at 1.1860, set to break-out or reverse, not much on the calendar next week to provide a push up so may well return to 1.1712.
2 weeks ago
Having broken out on Friday price is now re-testing the breakout level. Snagged by RSI divergence. Will have to rely on bad US data this week if there is to be an attempt on 1.2090.
Bank of America say US tax reforms not fully priced in, targets eurusd 1.10 and gbpusd 1.26 by end of Q1 2018.