Top Global Market Stories
Market playing rate divergence catch-up with yen Yen outright could be the next dollar strength barometer Fixed income need to reprice the front end for Fed Euro periphery contagion fears muted for now With one session down into an already shortened trading week, the mighty dollar is consolidating some of the strong gains it has […]
Top Trade Ideas
The GBP/JPY last week peaked above the December high of 189.70, and for a time traded at its highest level since September 2008. But the pound sold off and subsequently the GBP/JPY fell back all the way to 187.85 before bouncing back. The cross has now recovered and it may go on to break out […]
MT4 Trading & Education
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- EUR/USD Technical Strategy: Flat
- Support: 1.0804, 1.0647, 1.0394
- Resistance:1.0930, 1.1056, 1.1213
The Euro declined against the US Dollar as expected after negative RSI divergence hinted at ebbing upside momentum. A daily close below the 61.8% Fibonacci expansion at 1.0804 exposes the 76.4% level at 1.0647. Alternatively, a turn above the 50% Fib at 1.0930 opens the door for a challenge of the 38.2% expansion at 1.1056.
Prices are wedged too closely between near-term support and resistance levels to justify taking a in line with our long-term outlook from a risk/reward perspective. With that in mind, we will continue to stand aside until a more attractive opportunity presents itself.
Bitcoin’s daily range hit a new yearly low of $2.60 dollars ($2.599 to be exact). With a high at $240.09 and a daily low at $237.50, this is the lowest daily range in dollars terms since May 18th 2014. Today’s range of $2.60 dollars narrowly beat out the May 17th 2015 range of $2.74. Here’s […]