News
Fresh Shipping Crude prices are sitting just below Friday’s highs as we start the new week. Indeed, we’re seeing some light selling across the European morning on Monday, despite news of fresh attacks on shipping routes in the Middle East. The UKMTO noted that it received reports overnight of a UK registered ship being hit […]
Daily Market Outlook, February 19, 2024 Munnelly’s Market Minute… “Quiet Start, With US Offline For Presidents Day” China’s markets did not show the anticipated enthusiasm after the break, with only modest gains in stocks so far. During the Lunar New Year holiday, tourism revenues surged by 47% compared to the previous year, with over 61 […]
EURUSD, “Euro vs US Dollar” EURUSD quotes have risen above 0/8 (1.0681), escaping the oversold area. The RSI is testing the resistance line. In this situation, the quotes are expected to grow above the 1/8 (1.0803) level, subsequently reaching the resistance at 2/8 (1.0864). The scenario could be cancelled by a downward breakout of the […]
EURUSD, “Euro vs US Dollar” The EURUSD pair received support at the 1.0732 level. By now, a growth wave to 1.0787 has been performed. Today the market is forming a consolidation range under this level. With an escape upwards, the correction could extend to 1.0816. Once this level is reached, a decline to 1.0774 might […]
TitleEURGBP Day | Bullish breakout TypeBullish Breakout Preference:The price could breakout of pivot at 0.85528, the overlap resistance, and rise to the 1st resistance at 0.86106, also an overlap resistance and it aligns with the 50% Fibonacci retracement. Alternative scenario:Price might reverse and fall to the 1st support at 0.85036, the multi-swing low support. To […]
TitleEURUSD M15 I Bearish reversal TypeBearish Drop Preference:Price is currently at the pivot point of 1.0777, A reverse from this level could lead the price to fall to 1st support at 1.0733, an overlap support level. Alternative scenario: If price bounces the pivot, it could rise to 1st resistance at 1.0810. above the swing high […]