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Traders Brace For ECB Today’s ECB meeting holds the potential to create plenty of fireworks. On the back of the Fed signalling a pause along with yesterday’s .25% hike, the ECB is expected to push ahead with its own .25% hike. However, the bank is expected to retain a more hawkish tone than the Fed […]

The price of the currency pair EUR/USD keeps moving within the resistance area formed between the levels 1.1000 and 1.1075. Let’s observe when the asset price will exit this zone and make the next move. Bitcoin is undergoing correction towards the supporting level of 25200. It would be interesting to follow the price movements around […]

TitleGBPUSD H4 | Potential bounce off support TypeBullish Bounce Preference: Price is approaching our pivot point of 1.25417 and potentially reverse from here, we could see momentum carry price up to its 1st resistance of 1.25928. Alternative scenario:If price breaks below the pivot point, it could hit the 1st support of 1.24969.. To discuss this […]

EURJPY Correction EURJPY is at a critical juncture ahead of the ECB meeting today. Following a breakout above the 148.37 level last week, price has since reversed from highs above 152 and is now retesting the breakout area. JPY has gained firmly over recent days amidst the downturn in risk appetite ahead of the FOMC […]

USDJPY, “US Dollar vs Japanese Yen” On H4, the quotes are above the 200-day Moving Average, revealing the prevalence of an uptrend. The RSI has reached the oversold area. In this situation, a rebound from 6/8 (134.37) is expected, followed by growth to the resistance at 7/8 (135.93). The scenario can be cancelled by a […]

EURUSD increased noticeably overnight, having good reasons for it. The current EURUSD quote is 1.1090. The US Federal Reserve System raised the rate by 25 base points to 5.25% per annum, which was not unexpected. The unusual part was the Fed’s signals: it seems that the cycle of interest rate hikes is coming to an […]