FxWirePro: EUR/USD neutral in the near-term, scope for downward resumption
Mar 07, 2017 17:20 pm UTC| Technicals
The EUR /USD pair declined on Tuesday as expectations that Federal Reserve will raise interest rates supported the U.S. dollar. Dollar jumped in reaction to comments from Fed officials, including Fed Chair Janet...
FxWirePro: USD/CAD consolidating around 1.3428, bias is bullish
Mar 07, 2017 15:29 pm UTC| Technicals
The USD/CAD pair rose on Tuesday as dollar was broadly steadier as the market priced in the high likelihood of a U.S. Federal Reserve interest rate hike next week. The Federal Reserve has left no stone unturned in...
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
Mar 07, 2017 14:45 pm UTC| Technicals
The Sterling remained in strong bearish tone against dollar on Tuesday ahead of a second vote in Britains upper house of parliament on legislation giving Prime Minister Theresa May the right to start formal Brexit...
FxWirePro: US Dollar Index upside capped by 61.8% fibo, good to buy on dips
Mar 07, 2017 13:32 pm UTC| Technicals
Major support 101.20 (21- day EMA) Major intraday support 100.60 U.S. Dollar index has taken support near trend line, 21- day EMA and jumped slightly from that level. It is currently trading around...
Mar 07, 2017 12:21 pm UTC| Technicals
Potential Reversal Zone (PRZ) - 1.06600 (trend line joining 1.1299 and 1.08288) EURUSD got a renewed selling pressure at higher levels around 1.06400. The pair has once again broken the 1.06000 handle. It is currently...
FxWirePro: EUR/USD upside capped by trend line resistance, good to sell on rallies
Mar 07, 2017 11:21 am UTC| Technicals
Potential Reversal Zone (PRZ) - 1.06600 (trend line joining 1.1299 and 1.08288) EURUSD got a renewed selling pressure at higher levels around 1.06400. The pair has once again broken the 1.06000 handle. It is currently...
FxWirePro: USD/CHF upside capped by 61.8% fibo, good to buy on dips
Mar 07, 2017 10:49 am UTC| Technicals
Potential Reversal Pattern (PRZ) - 1.0160 (61.8% retracement of 1.03436 and 0.98696). USD/CHF has recovered sharply and after declining till 1.00690 on Mar 5th 2017.It is currently trading around 1.01447. The...
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