Top Global Market Stories
Syriza win ‘big’ Form coalition with center-right fringe party EUR touched sub €1.11 new-lows Market pricing QE vs. anti-austerity talks Greece’s radical left-wing Syriza party is set to become the first anti-austerity party to lead a eurozone nation. Most of the market had expected Syriza leader Alexis Tsipras and his party would be victorious, but […]
Top Trade Ideas
Another week, another bullish scenario for the usdjpy as I am still looking for the currency pair to make a contracting triangle in the and and this current move to the upside to be nothing but a zigzag. The zigzag should be the d wave, then a small correction for the e wave and 122 […]
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- EUR/USD Technical Strategy: Flat
- Support: 1.1123, 1.0992, 1.0830
- Resistance:1.1254, 1.1416, 1.1516
The Euro paused to consolidate losses against the US Dollar after cautiously dipping below the 1.11 figure. A daily close below the 50% Fibonacci expansionat 1.1123 exposes the 61.8% level at 1.0992. Alternatively, a turn above the 38.2% Fib at 1.1254 opens the door for a challenge of the 23.6% expansion at 1.1416.
The Euro’s inability to continue lower following the outcome of the weekend’s Greek election seems telling and we suspect a corrective bounce may be ahead. We will stand aside for now, looking for a corrective recovery to yield a selling opportunity in line with our long-term outlook.
Bitcoin ended the day higher by 17 dollars after a highly volatile trading session. The Coinbase ”To The Moon” hype announcement first served as a catalyst to the rally. But the big news got featured in the Wall Street Journal way before the timer ran out. Coinbase has secured regulatory approval to operate as an […]