Foreign Exchange

Last week, the EURGBP found resistance near the 0.7935 level and now the pair is consolidating below the daily pivot point level of 0.7915. The next target for the bearish EURGBP road is the support level of 0.7898. If the pair manages to make a breakout at that level would be expected to fall to […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish This pair has dropped by over 140 pips since last week, testing the support line at 1.3450. The price has tried to bounce upwards from that support line, but the upward bounce is weak. It is still expected that the price would test the […]

The AUDUSD is trying to find support at the 200 day moving average, which is close to the support level of 0.9398. If the Aussie manages to make a breakout at that level, the next target would be the support level of 0.9376. On the other hand, if the AUDUSD manages to make a breakout […]

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This week’s data calendar contains plenty of minor indicator updates from both the US and the Euro Zone, nothing however that contains the potential to alter the current direction of the EUR/USD pair. Market momentum has been persistently bearish since the single currency’s failed attempt to take out the key 1.37 level at the beginning […]

The NZDUSD has been trying to regain positions above the daily pivot point level of 0.8671, so the pair could rise to the resistance level of 0.8691. For now, the Kiwi is likely to try a breakout resistance at that level. If successful, it is expected to rise to the level of 0.8715, where the […]

The USD/CHF made an effort to test the great resistance level at 0.9000, and the price got retraced after this was done. The market tested that resistance level several weeks ago, but it was unable to break it to the upside. There is now a need to break the resistance level to the upside, so […]

The EURJPY is finding support on the daily pivot point level of 137.00, so this pair could be strengthened in the bullish trend. However, the next target for the EURJPY is the resistance level of 137.37. If the pair manages to make a breakout at that level would be expected to rise to the level […]

Here’s the market outlook for the week: EURUSD Dominant bias: Bearish The dominant bias for this week has been the same for last week – it is unchanged. The bearish trend in the market is now particularly strong, and it may continue as such. The price may reach the support lines of 1.3500 and 1.3450 […]

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