Thursday 5th March: Several high-impacting news events will likely cause volatility across major markets today.

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EUR/USD: Weekly Timeframe: The weekly timeframe shows that the EUR/USD has punched below a major weekly Quasimodo support level coming in at 1.1109. This move has likely opened the gates for prices to challenge the weekly demand area seen below at 1.0760-1.0988. Daily Timeframe: Yesterday saw the Euro print a (near) full-bodied bearish candle, which … Continue reading Thursday 5th March: Several high-impacting news events will likely cause volatility across major markets today.

Wednesday 4th March: Daily technical outlook and review.

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EUR/USD: Weekly Timeframe: The weekly timeframe shows that the buyers and sellers are currently battling for position just above a major weekly Quasimodo support level at 1.1109. Daily Timeframe: Similar to the weekly timeframe, the daily timeframe shows price hovering just above a daily demand area coming in at 1.1045-1.1127, which, if you look back … Continue reading Wednesday 4th March: Daily technical outlook and review.