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RussianGBP/USD Daily Technical Analysis
GBPUSD: Recovery Tone Remains Intact
With a follow through higher on its corrective recovery seen on Monday, further upside offensive cannot be ruled out. Resistance resides at the 1.5400 level where a violation will call for a run at the 1.5457 level. Further out, the 1.5500 level comes in as the next upside where a break will aim at the 1.5550 level. Its daily RSI is bullish and pointing higher supporting this view.
By Mohammed Isah | Jun 04 | FX Tech Strategy
GBPUSD: Bear Threats Seen
With the pair halting its recovery, further decline and its downtrend resumption is now envisaged. Support resides at the 1.5013/00 levels. Further down, support comes in at the 1.4950 level where a break will target the 1.4900 level and then the 1.4850 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1.5276 level followed by the 1.
By Mohammed Isah | May 28 | FX Tech Strategy
EU Morning Report - Dollar losing across the board
The euro (EUR) climbed as much as 130 pips yesterday afternoon against the US dollar (USD). The single currency has gained on dollar weakness touching 1.
By NikolasX | May 01 | Easy Forex
EU Morning report - EU periphery bond yields drop
The euro (EUR) appears strong against most of its major counterparts, early in the European session. The single currency got a boost from news that Spanish and Italian bond yields improved for yet another auction.
By NikolasX | Apr 30 | Easy Forex
EU Morning Report - Dollar losing across the board
The euro (EUR) climbed as much as 130 pips yesterday afternoon against the US dollar (USD). The single currency has gained on dollar weakness touching 1.
By NikolasX | May 01 | Easy Forex
EU Morning report - EU periphery bond yields drop
The euro (EUR) appears strong against most of its major counterparts, early in the European session. The single currency got a boost from news that Spanish and Italian bond yields improved for yet another auction.
By NikolasX | Apr 30 | Easy Forex
GBPUSD: Climbs Above Key Resistance Level.
Having rallied through the 1.5410 level, its April 11'2013 high on Thursday, further upside offensive is likely towards 1.5450 level. On a break and hold above here resistance resides at the 1.5500 level where a violation will call for a run at the 1.5550. Its daily RSI is bullish and pointing higher supporting this view. Conversely, on any pullback the pair could retest the 1.5410 level.
By Mohammed Isah | Apr 26 | FX Tech Strategy
EU Morning Report - Germany opposes ECB rate cut
The euro (EUR) remains range-bound against the US dollar (USD) moving above 1.3030. At a time when many voices within the Eurozone are pleading for a rate-cut in an attempt to promote growth in the continent; Angela Merkel, the German Chancellor, opposes such a move.
By NikolasX | Apr 26 | Easy Forex
EU Morning Report - ECB rate cut rumours push euro lower
The euro (EUR) continues its sliding trend against the US dollar (USD). The pair moved above 1.3040 after short dips below the 1.
By NikolasX | Apr 25 | Easy Forex
EU Morning Report - ECB rate cut rumours push euro lower
The euro (EUR) continues its sliding trend against the US dollar (USD). The pair moved above 1.3040 after short dips below the 1.
By NikolasX | Apr 25 | Easy Forex
EU Morning Report - How social media hack rocks markets
The euro (EUR) corrected some of yesterday’s losses against the US dollar (USD) but slid lower to 1.
By NikolasX | Apr 24 | Easy Forex
EU Morning report - Economic stagnation looms over the euro
The euro (EUR) remains range-bound against the US dollar (USD) currently moving below 1.3044. The single currency has stabilized after Italians elected new President Giorgio Napolitano is expected to continue efforts to create a viable government in the country.
By NikolasX | Apr 23 | Easy Forex
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