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EURUSD, “Euro vs US Dollar” EURUSD has formed a consolidation range around 1.0944 and, breaking it upwards, is forming a growth structure to 1.1020. After the price reaches this level, it might correct to 1.0944 (a test from above), subsequently climbing to 1.1033. It is worth noting that any rise is seen as a possible […]

The statements made by the Fed officials on Tuesday prompted a mild sell-off of the dollar. At the beginning of Wednesday, the US Dollar Index (DXY) tested the 102.50 area, but during the day, it managed to recover from the decline, ending slightly positive. From a technical analysis standpoint, after breaking through the bearish channel, […]

TitleEURJPY H4 Bullish Bounce TypeBullish Bounce Preference:The current price is moving toward the pivot, swing low support at 161.442. Price could bounce off pivot and move to 1st resistance a pullback resistance at 162.903. Alternative scenario:The price may not rise above 161.722 which is the 61.8% fibo retracement level. To discuss this trading idea, head […]

Durable Goods Plunge The US Dollar is starting the day under pressure on Friday as traders await the latest PMI data due later today.  Ahead of the Thanksgiving holiday in the US yesterday, October durable goods data was seen contracting deeper-than-forecast on Wednesday. At -5.6%, the reading marked a sharp shift from the prior month’s […]

BTC Shrugs Off Binance News Bitcoin is ending the week at highs with the futures price seeing a more than 6% rally yesterday. The move comes amidst a fresh uptick in expectations that the SEC will soon approve spot BTC ETF applications. Notably, the market has shaken off negative news flow this week around Binance. […]

The activity indices for the services and manufacturing sectors in the Eurozone, published on Thursday, pushed EURUSD back into the range of 1.09-1.0950. The released data exceeded expectations overall, setting the stage for positive expectations in the future: Concerns about stagflation in the EU, highlighted by data in September and October, appear to have subsided. […]