Key risk events today: US Advance GDP q/q; US Advance GDP Price Index q/q; US Unemployment Claims; US CB Leading Index m/m. (Previous analysis as well as outside sources – italics). EUR/USD: Monday responding from H4 resistance at 1.22-1.2180 (composed of the 1.22 figure, a collection of Fibonacci ratios and an AB=CD bearish formation [red … Continue reading Thursday 28th January: Technical Outlook
Despite price recently consolidating gains, the weekly timeframe shows AUD/USD has scope to reach as far north as resistance at 0.8127. In order to climb, however, daily Quasimodo resistance at 0.7784 must be conquered (shines the spotlight on another daily Quasimodo resistance at 0.7893).