Friday 12th October: Majors benefit from USD weakness – retreating to its 95.00 mark

Narayan Joshi No Comments

EUR/USD: Broad-based USD selling, lower-than-expected US CPI figures along with US President Trump, once again, expressing disapproval over the Fed’s action, witnessed the EUR/USD rise to highs of 1.1599 on Thursday. According to our technical studies on the weekly timeframe, further buying could be in store. Demand at 1.1312-1.1445, as you can see, is firmly … Continue reading Friday 12th October: Majors benefit from USD weakness – retreating to its 95.00 mark

Thursday 11th October: USD heading for its 95 handle?

IC Markets No Comments

EUR/USD: EUR/USD bulls went on the offensive on Wednesday, dethroning its 1.15 handle on the H4 timeframe and challenging nearby Quasimodo resistance at 1.1543. According to our technical studies on the weekly timeframe, further buying could be in store. Demand at 1.1312-1.1445, as you can see, is firmly in play at this point, with room … Continue reading Thursday 11th October: USD heading for its 95 handle?

Wednesday 10th October: DXY’s monthly supply at 95.13-92.75 struggling to hold ground – further upside for the US dollar?

Narayan Joshi No Comments

EUR/USD: For folks who read Tuesday’s briefing you may recall the team underscored 1.15 as a possible contender for a retest play as resistance on the H4 timeframe. The reasoning behind the approach stemmed largely from higher-timeframe structure. Weekly movement displayed room to move as far south as a demand base coming in at 1.1312-1.1445. … Continue reading Wednesday 10th October: DXY’s monthly supply at 95.13-92.75 struggling to hold ground – further upside for the US dollar?

Tuesday 9th October: Quiet day ahead in terms of macroeconomic data – potentially moving technical to the front line

Narayan Joshi No Comments

EUR/USD: The shared currency sank to lows of 1.1460 vs. its US counterpart on Monday, amid uncertainty surrounding the Italian budget crisis and the EU. An EU Commission letter stated the targets in Italy’s budget are a source of ‘serious concern’. Despite clocking lows not seen since August, the pair trimmed a portion of its … Continue reading Tuesday 9th October: Quiet day ahead in terms of macroeconomic data – potentially moving technical to the front line

Monday 8th October: Weekly technical outlook and review

Narayan Joshi No Comments

EUR/USD: Weekly Gain/Loss: -0.72% Weekly Close: 1.1519 Weekly perspective: Deprived of notable support last week, on top of a clear-cut bearish engulfing formation out of a resistance area at 1.1717-1.1862 seen the week prior, the single currency explored lower ground. In the event the pair continues to drive lower this week, nearby demand rests at … Continue reading Monday 8th October: Weekly technical outlook and review