Monday 22nd June: Weekly technical outlook and review – Emergency Euro group meeting could cause volatility in today’s markets.

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EUR/USD: Weekly view: The EUR/USD enjoyed another relatively positive week last week, gaining about 84 pips into the close 1.1345. However, despite this recent advance, price is now lingering within a weekly supply area at 1.1532-1.1278, thus we have to be prepared for possibility that active sellers may come into the market this week. This … Continue reading Monday 22nd June: Weekly technical outlook and review – Emergency Euro group meeting could cause volatility in today’s markets.

Friday 19th June: Daily technical outlook and review.

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EUR/USD: Weekly view: The weekly timeframe shows that price is currently trading within a weekly supply area coming in at 1.1532-1.1278.This supply zone is a very significant hurdle in our opinion (held price lower since the 11th May) since if there’s a sustained break above this area, our long-term bias (currently short) on this pair … Continue reading Friday 19th June: Daily technical outlook and review.

Thursday 18th June: Several high-impacting events due to hit the wire today – remain vigilant.

IC Markets No Comments

EUR/USD: Weekly view: The weekly timeframe shows that price is trading within a weekly supply area coming in at 1.1532-1.1278.This supply zone is a very significant hurdle in our opinion (held price lower since the 11th May) since if there’s a sustained break above this area, our long-term bias (currently short) on this pair will … Continue reading Thursday 18th June: Several high-impacting events due to hit the wire today – remain vigilant.