EUR/USD: After puncturing the 1.22 handle seen on the H4 timeframe, the EUR/USD clocked a weekly low of 1.2165. It was from here, the lower limits of a daily support area at 1.2246-1.2164, did we see the unit reclaim 1.22 and push higher yesterday. The US dollar index was unable to extend gains on … Continue reading Friday 19th January: Technical outlook and review
Global Markets: Asian stock markets: Nikkei down 0.48%, Shanghai Composite up 0.45 %, Hang Seng lost 0.10 %, ASX flat Commodities: Gold at $1329.10 (-0.75 %), Silver at $17.06 (-0.62 %), WTI Oil at $64.01 (+0.06 %), Brent Oil at $69.35 (-0.03 %) Rates: US 10-year yield at 2.589, UK 10-year yield at 1.302, German … Continue reading Thursday 18th January: European Open Briefing
EUR/USD: US dollar recovery going into the later hours of Wednesday’s US session brought about a sizeable drop in the EUR/USD market from the underside of a H4 broken Quasimodo line at 1.2276. The selloff, reinforced by a weekly broken Quasimodo line at 1.2287 and two converging weekly trendline resistances (1.1641/1.6038), dragged the euro … Continue reading Thursday 18th January: Technical outlook and review.
