EUR/USD The Euro broke above 1.1585 resistance yesterday and extended gains to 1.1650. The pair is overbought in the short-term, but demand is likely to remain high on any dips and it should recover quickly. Look for initial support at 1.1585, followed by stronger support at 1.1540. In the near-term, losses are likely to be … Continue reading Friday 21st July: Technical outlook and review
Global Markets: Asian stock markets: Nikkei up 0.55 %, Shanghai Composite gained 0.20 %, Hang Seng rose 0.30 %, ASX 200 rallied 0.65 % Commodities: Gold at $1237 (-0.35 %), Silver at $16.20 (-0.50 %), WTI Oil at $47.25 (-0.10 %), Brent Oil at $49.65 (-0.10 %) Rates: US 10-year yield at 2.27, UK 10-year … Continue reading Thursday 20th July: European Open Briefing
EUR/USD Price has lost momentum in the recent two trading days. Key support is seen at 1.1490, and at the rising trendline from the June low. A break below 1.1490 would suggest a larger correction towards 1.14 could follow. However, the overall technical outlook remains positive, and EUR/USD is likely to catch a bid again … Continue reading Thursday 20th July: Technical outlook and review
