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EURUSD, “Euro vs US Dollar” EURUSD has secured under the support level. The instrument is going below the Ichimoku Cloud, which suggests a bearish trend. A test of the Tenkan-Sen line at 1.1030 is expected, followed by a decline to 1.0795. An additional signal confirming the decline will be a rebound from the lower boundary […]
EURUSD, “Euro vs US Dollar” EURUSD has reached the target of the first declining wave at 1.0950. Today a corrective wave might start. A consolidation range is currently forming at the lows around 1.0985. A link of growth to 1.1025 is expected, followed by a decline to 1.0985 (with a test from above). Next, an […]
TitleGBPUSD H4 | Bounce of support level? TypeBullish Bounce Preference: Price is currently at our pivot point of 1.27746 which is a pullback support level that aligns with 61.8% Fibo projection. A bounce off from here, price could push up to 1st resistance at 1.2948 which is an pullback resistance. Alternative scenario: However, if price […]
September Hike in Doubt EUR has come under heavy selling pressure on the back of yesterday’s ECB meeting. While the central bank hiked rates by a further .25% as expected, the tone of the meeting was far less hawkish than many were expecting. Lagarde seemed to downplay the likelihood of a further hike in September, […]
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