Thursday 19th March: Daily technical outlook and review.

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EUR/USD: Weekly Timeframe: Following last week’s close below weekly demand at 1.0499-1.0740, the Euro recently saw active buying, which was likely stimulated from the FOMC’s latest address.  Assuming that the buyers can continue supporting the market, we might, just might, see the Euro hit a major weekly swap level coming in at 1.1109. Daily Timeframe: … Continue reading Thursday 19th March: Daily technical outlook and review.

Wednesday 18th March: Market volatility should be expected today, as the FOMC and BOE take center stage

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EUR/USD: Weekly Timeframe: Looking at the weekly timeframe, we can see that price has recently took out a weekly demand area at 1.0499-1.0740, and at the same time, likely cleared the path south down towards a long-term weekly swap level seen at 1.0411. Daily Timeframe: The daily timeframe shows that the buyers attempted to take … Continue reading Wednesday 18th March: Market volatility should be expected today, as the FOMC and BOE take center stage