Technical Analysis

The EUR/USD formed a key technical reversal pattern yesterday. As a result, it has been unable to climb higher despite the release of mostly stronger-than-expected Eurozone PMIs this morning, although...
Technical Analysis

On Friday morning the common European currency against the US Dollar traded once more below the weekly R2, which is located at the 1.0729 level. The reason for that is the fact that the resistance put...
Technical Analysis

A failure to edge lower on Thursday suggested that the Cable has entered a period of consolidation and is likely to remain within its current trading range today, namely between 1.2750 and 1.29. From ...
Technical Analysis

The Buck strengthened on Thursday, adding just under 50 pips against the Yen, thus, prolonging the descending channel pattern. The immediate resistance was also pierced, which now turned into supports...