EUR/USD: Swarmed by an almost clean sweep of sub-forecast US employment data, the EUR/USD concluded Thursday in positive territory, up 0.28%. Leaving November’s opening level on the H4 at 1.1314 unchallenged, the pair approached its 1.14 space, which happens to merge closely with a trend line resistance (etched from the high 1.1621). Price action topped … Continue reading Friday 7th December: US employment figures eyed – expect volatility.
EUR/USD: Since the week’s open the shared currency has struggled to establish firm direction, consequently chalking up three consecutive daily indecision candles. With respect to the higher timeframes, there’s been little change as far as structure is concerned. Weekly movement continues to meander between resistance priced in at 1.1465 (brings with it a nearby cloned … Continue reading Thursday 6th December: Canadian trade balance eyed in early US trade.
In recent sessions, traders observed the H4 candles aggressively breach 1.14 and touch gloves with..
EUR/USD: The single currency started the week on a strong footing, gapping over 30 pips north amid risk appetite. Weekend news witnessed US President Trump and Chinese President Xi announce a truce at the G20 where the US agreed to delay hiking tariffs on USD 200bln of Chinese goods to 25% for 90 days, paving … Continue reading Tuesday 4th December: Optimism over US-China trade continues post-G20.
EUR/USD: Weekly Gain/Loss: -0.19% Weekly Close: 1.1318 Weekly perspective: Despite the EUR/USD ranging in excess of 130 pips last week, the pair concluded trade by way of an indecision candle, albeit sporting a mild bearish tone. With respect to structure, traders’ crosshairs likely remain fixed on resistance priced in at 1.1465 (which, as you can … Continue reading Monday 3rd December: Weekly technical outlook and review.