EURUSD is keeping its positive momentum; investors are interested in risks. The major currency pair is strengthening after a rebound. The current quote for the instrument is 1.1163. The risk attitude is slowly recovering, making the “greenback” sell attractive as a “safe haven” asset. The US data published yesterday was quite interesting and surprising, to […]
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Type: Bullish ReversalKey Levels:Resistance: 1965.9Pivot: 1933.7Support: 1921.3Preferred Case:Prices have consolidated in an inverse head and shoulders pattern. We see the potential for a bounce from our Pivot at 1933.7 which is the break of the inverse head and shoulders neckline towards our 1st resistance at 1965.9 in line with 127.2% Fibonacci Projection . Our bullish […]
Type: Bullish BounceKey Levels:Resistance: 0.92986Pivot: 0.92224Support: 0.91622Preferred Case:On the H4, with price expected to bounce off the support of the stochastics indicator and the descending channel, we have a bias that price will rise to our 1st resistance at 0.92986 in line with the 50% Fibonacci retracement from our pivot at 0.92224 in line with […]
• Silver reversed from support level 24.50• Likely to rise to resistance level 25.85 Silver recently reversed up with the daily Hammer from the strong support level 24.50 (the previous monthly high from January). The support area near the support level 24.50 was strengthened by the lower daily Bollinger Band and the 50% Fibonacci retracement […]
• EURGBP reversed from resistance level 0.8480• Likely to fall to support level 0.8400 EURGBP currency pair recently reversed down sharply from the strong resistance level 0.8480 (the previous monthly high from February). The resistance area near the resistance level 0.8480 was strengthened by the upper daily Bollinger Band, the daily down channel from May, […]