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EUR/USD: The single currency witnessed an additional wave of selling on Monday against its US counterpart. Although registering a fifth consecutive daily loss, H4 price has, as you can see, respected nearby Quasimodo support priced in at 1.1540. Note, however, the response was far from perfect, given a near-touch of nearby triple-bottom daily support at … Continue reading Tuesday 7th August: Owing to a light economic calendar ahead, the technicals could play at pole position today

Global Markets: Asian Stock Markets : Nikkei down 0.09%, Shanghai Composite down 0.83%, Hang Seng up 0.54%, ASX up 0.49% Commodities : Gold at $1222.50 (-0.06%), Silver at $15.44 (-0.14%), Brent Oil at $73.19 (-0.03%), WTI Oil at $68.64 (+0.22%) Rates : US 10-year yield at 2.953, UK 10-year yield at 1.330, Germany 10-year yield … Continue reading Monday 6th August: Asian Markets Give Up Early Gains; China Swings to Red

EUR/USD: Weekly Gain/Loss: -0.77% Weekly Closing price: 1.1565 Weekly perspective: Flavor for EUR/USD longs soured over the course of last week after jabbing the underside of a resistance area seen at 1.1717-1.1862, forcing the unit beneath trend line support (taken from the low 1.0340). Should price extend losses this week, the expectation is for a … Continue reading Monday 6th August: Weekly technical outlook and review.