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EURUSD, “Euro vs US Dollar” The currency pair has completed a second impulse of decline to 1.0826. A new consolidation range might develop around this level today. With an escape downwards, a new impulse of decline to 1.0750 might form. Then a correction to 1.0820 and a decline to 1.0730 should follow. The target is […]
Title EURUSD H4 | Potential reversal from 78.6% TypeBearish Reversal Preference:The price is currently at our pivot point at 1.09254, along with a 78.6% Fibonacci retracement, which is an overlap resistance. If the price were to reverse, it could potentially drop to the 1st support level at1.10309 Alternative scenario:However, if price were to break above […]
Title USDCHF H4 | Potential bullish reversal TypeBullish Bounce Preference:Price has bounced off our pivot at 0.91344, which is an overlap support level along with a 76.8% Fibonacci retracement level. If price were to reverse, it could potentially rise towards the 1st resistance level at 0.92325, which is also an overlap resistance level. Alternative scenario:However, […]
EURUSD increased vividly. The current quote is 1.0910. The US Federal Reserve System did not risk giving up on lifting the interest rate, and investors got disappointed: the crisis in the banking sector had been heated up exactly by the growth of the interest rate. The March meeting of the Fed closed in accordance with […]
TitleGBPUSD H4 | Potential bearish reversal TypeBearish Breakout Preference:Price is testing our pivot at 1.2319 which is an overlap support along with a 78.6% Fibo retracement. if price were to reverse, it could drop down to 1st support at 1.21945 which is an overlap support level. Alternative scenario:On the other hand, if the price breaks […]
The Fed hiked interest rate by a quarter point at yesterday’s meeting but hinted also that they keep their options open for more hikes because inflation remains significantly above the target level. The tone of the statement was clearly softer, just remember that in the February meeting, the wording regarding future rate hikes was more […]