Tuesday 17th March: Daily technical outlook and review

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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: Yesterday’s trading action shows buying came into the market following … Continue reading Tuesday 17th March: Daily technical outlook and review

Monday 16th March: Weekly technical outlook and review.

Trading Desk No Comments

EUR/USD: Weekly Timeframe: Last week shows that the Euro depreciated for the third consecutive week losing over 340 pips into the close (1.0487). This move completely wiped out the weekly demand area seen coming in at 1.0499-1.0740, and at the same time,  likely opened the doors to further downside towards 1.0411 – a long-term weekly … Continue reading Monday 16th March: Weekly technical outlook and review.