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EURUSD, “Euro vs US Dollar” EURUSD has formed a Hanging Man reversal pattern near the resistance level on H4. Currently, the instrument could go by the reversal signal in a descending wave. The correction target might be the support at 1.0965. However, the price could rise to 1.1070 and extend the uptrend without testing the […]

The primary currency pair looks robust on Friday. The current EURUSD quote is 1.1000. The statistics released yesterday were not too favourable for the US, but they held their ground reasonably well. The second assessment of the US GDP for Q3 fell short of expectations. The economy expanded by just 4.9% y/y, compared to the […]

EURUSD, “Euro vs US Dollar” EURUSD has completed a growth wave to 1.1011. A consolidation range is expected to form around 1.1000 today. Extension of the range to 1.1015 is not excluded. Next, a decline link to 1.0972 might form (a test from below), followed by a rise to 1.1054. At this level, the potential […]

Brent Brent quotes are on the 200-day Moving Average on H4, which points on the lack of any trend. The RSI has rebounded from the support line. The RSI has rebounded from the support line. In this situation, a further rise to the nearest resistance level of 4/8 (81.25) is expected. The scenario could be […]

The US dollar found itself on the back foot Thursday after a mixed bag of economic releases, including a downward revision to the third-quarter GDP growth estimate from 5.2% to 4.9%. The GDP Price Index also saw a downward adjustment, from 3.5% to 3.3%, indicating a smaller inflationary impact on growth than initially anticipated. While […]

TitleAUDUSD H4 | Bullish bounce TypeBullish Bounce Preference:AUDUSD has bounced off the pivot at 0.67234, overlap support, which also aligns with the 23.6% Fibonacci retracement level. Price could rise to 1st resistance at 0.68127, swing-high resistance level. Alternative scenario:Price could pull back and reverse to the 1st support at 0.66758, the overlap support from the […]