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Talking Points: Dollar Checks Back in Anticipation of FOMC Decision British Pound Volatility but Noncommittal After Inflation Report Euro Traders Will React to Fed and then ECB Dollar Checks Back in Anticipation of FOMC Decision This week’s top event risk is upon us. The Federal Reserve’s monetary policy meeting carries deeper meaning than just a […]
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The AUD/NZD currency pair is looking very interesting from a technical point of view. After it finally broke above sturdy resistance of 1.1035 in mid-August, the currency cross went on to achieve a high of 1.1294 before pulling back sharply from there. But I think this latest pullback was caused primarily by longs taking profit, […]
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- EUR/USD Technical Strategy: Short at1.3644
- Support: 1.2864, 1.2794, 1.2708
- Resistance:1.2981, 1.3057, 1.3104
The Euro is edging higher against the US Dollar as expected after producing a bullish Piercing Line candlestick pattern. A daily close above the 14.6% Fibonacci retracementat 1.2981 exposes the 23.6% level at 1.3057. Alternatively, a turn below the 50% Fib expansion at 1.2864 opens the door for a test of the 61.8% threshold at 1.2794.
We entered short EURUSD at 1.3644 in line with our long-term fundamental outlook and have sincebooked profit on half of the position. The rest remains open to capture any further downside momentumwith a stop-loss at 1.3583, our initial objective.
After breaking the $460 support yesterday, bitcoin continued the leg down. Today prices fell over 20 dollars, from $456 per coin to a daily low of $434. Our article yesterday called for more losses after the important $460 figure gave way. After reaching a daily low of $434 BTC/USD reversed course and rallied almost $15 […]