June 16, 2016 1:03 pm
At the start of the US trading session on Thursday, EUR/USD plunged to lows unseen since June 3rd, going down as low as 1.1165. June 3rd low of 1.1134 may serve as a short-term support, while if broken the next support may be seen at May 30th low of 1.1096. After Bank of England decided […]
Read moreJune 16, 2016 7:03 am
Yesterday’s trade saw USD/CAD within the range of 1.2826-1.2943. The pair closed at 1.2912, edging up 0.31% on a daily basis. It has been the 61st gain in the past 117 trading days and also a fifth consecutive one. The daily high has been the highest level since June 6th, when a high of 1.2984 […]
Read moreJune 16, 2016 6:25 am
Yesterday’s trade saw GBP/USD within the range of 1.4106-1.4219. The pair closed at 1.4194, rising 0.55% compared to Tuesdays close. It has been the 25th gain in the past 59 trading days and also the steepest one since June 7th. The major pair has fallen 2.09% so far in June, following a 0.92% drop in […]
Read moreJune 15, 2016 2:50 pm
On Wednesday EUR/USD traded within a relatively tight range of 1.1190-1.1242, while at the start of the US trading session the major was trading close to the upper boundary of that range. Although the incoming FOMC policy decision may have already been priced in, as some media noted, the press conference following it will be […]
Read moreJune 15, 2016 7:11 am
Yesterday’s trade saw USD/CAD within the range of 1.2815-1.2873. The pair closed at 1.2862, edging up 0.21% on a daily basis. It has been the 60th gain in the past 116 trading days and also a fourth consecutive one. The daily high has been the highest level since June 6th, when a high of 1.2984 […]
Read moreJune 15, 2016 6:27 am
Yesterday’s trade saw GBP/USD within the range of 1.4091-1.4219. The pair closed at 1.4118, plummeting 1.08% compared to Mondays close. It has been the 34th drop in the past 58 trading days. The daily low has been the lowest level since April 8th, when a low of 1.4038 was registered. The major pair has fallen […]
Read moreJune 14, 2016 3:00 pm
On Tuesday EUR/USD broke out from a tight range around 1.1280-1.1299, while at the start of the US trading session the major overcame the 1.1200 handle, marking an intraday low of 1.1189. Support may be received at the 76.4% Fibonacci (1.1173), reflecting the ascent from May 30th low to June 9th high, and then – […]
Read moreJune 14, 2016 7:15 am
Yesterday’s trade saw USD/CAD within the range of 1.2751-1.2839. The pair closed at 1.2832, edging up 0.37% on a daily basis. It has been the 59th gain in the past 115 trading days and also a third consecutive one. The daily high has been an exact test of the high from June 7th. USD/CAD has […]
Read moreJune 14, 2016 6:38 am
Yesterday’s trade saw GBP/USD within the range of 1.4116-1.4319. The pair closed at 1.4204, edging down 0.38% compared to Fridays close. It has been the 34th drop in the past 57 trading days and also a fourth consecutive one. The daily low has been the lowest level since April 14th, when a low of 1.4088 […]
Read moreJune 13, 2016 2:48 pm
The recent downswing in EUR/USD seemed to have been halted in the area between the 50.0% (1.1255) and the 61.8% (1.1219) Fibonacci levels, reflecting the ascent from May 30th low to June 9th high. At the start of the US trading session the major pair sharply advanced to an intraday high of 1.1294, which comes […]
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