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EUR Upside Risks All eyes are on the ECB today and on the back of recent commentary from policy makers, traders are widely expecting further pushback on rate-cut expectations. Several ECB members recently, including president Lagarde, have warned that the bank’s fight against inflation is not yet over, presenting the case to keep rates in […]

The British pound sterling is gradually strengthening against the US dollar. The current GBPUSD exchange rate stands at 1.2720. The statistics from yesterday indicate that business activity in the UK is the leading in Europe. This provides another argument in favour of the Bank of England maintaining high interest rates in the country for an […]

The primary currency pair is still in a consolidation phase on Thursday. The current EURUSD exchange rate stands at 1.0875. Yesterday’s statistics from the eurozone were mixed. The manufacturing PMI rose to 46.6 points in January from the previous 44.4 points, while the services PMI decreased to 48.4 points in January from 48.8 points earlier. […]

TitleEURJPY H4 | Bouncing off Fibo level TypeBullish Bounce Preference:The price is bouncing off the pivot point at 159.999, an overlap support that aligns with 23.6% Fibonacci retracement. From there price might rise to 1st resistance at 161.634, an overlap resistance. Alternative scenario:It might reverse and break the pivot point, from there it could fall […]

TitleEURUSD H1 I Bearish reversal TypeBearish Reversal Preference:Price is rising toward the pivot point of 1.0907 which aligns with the 61.8% Fibo retracement. A reverse from this point could lead the price to fall to 1st support at 1.0851,  an overlap support level. Alternative scenario:If price breaks above the pivot, it could rise to 1st […]

GBPUSD, “Great Britain Pound vs US Dollar” GBPUSD is rebounding from the signal lines of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the Tenkan-Sen line at 1.2695 is expected, followed by a rise to 1.2840. An additional signal confirming the rise could be a rebound […]