FxWirePro: EUR/USD faces strong support at 1.2265, good to buy on dips
Mar 16, 2018 10:25 am UTC| Technicals
EUR/USD pared its loss made yesterday on account of better than expected US economic data. The pair hits low of 1.22950 but failed to break low of 1.22731. Euro has jumped almost 42 pips from the low of 1.23329. Eurozone...
FxWirePro: EUR/GBP breaks below 50-DMA, dip till 61.8% Fib at 0.8682 likely
Mar 16, 2018 10:03 am UTC| Technicals
EUR/GBP on track to close in the red for a 2nd consecutive week. The pair has broken support at 50-DMA at 0.8839, raising scope for further downside. EUR dented after top ECB policymakers this week said they...
FxWirePro: EUR/JPY slips lower for 3rd straight session, finds major support at 200W SMA at 129.49
Mar 16, 2018 09:17 am UTC| Technicals
EUR/JPY slips lower for 3rd straight session, hits fresh 2-week lows at 130.13. EUR depressed after top ECB policymakers this week said they would end the stimulus only after inflation shows a sustained rise towards...
Mar 16, 2018 08:23 am UTC| Technicals
XAG/USD is currently trading around $16.42 marks. It made intraday high at $16.43 and low at $16.34 levels. Intraday bias remains bearish till the time pair holds key resistance at $16.55 mark . A daily close...
FxWirePro: CHF/JPY trades below major support 111.50, dip till 110.20 likely
Mar 16, 2018 07:33 am UTC| Technicals
Major Support 111.50. CHF/JPY has broken major support at 111.50 and declined till 111.32. It has declined almost 800 pips from temporary top of 118.55 and is currently trading around 111.36. The pair recovered...
FxWirePro: BTC/EUR consolidates break below daily cloud, momentum studies bearish
Mar 16, 2018 07:23 am UTC| Technicals
BTC/EUR is consolidating below daily cloud and 200-DMA, bias bearish. The pair trades with a major bearish bias, scope for break below 6000 levels. Price action has retraced channel breakout and has slipped below...
FxWirePro: Gold takes support near trend line support, good to buy on dips
Mar 16, 2018 07:07 am UTC| Technicals
Gold declined almost more than $13 yesterday on account of strong US dollar and better than expected US economic data. The yellow metal has shown a minor recovery till $1318.25 and is currently trading at $1318.13. DXY has...
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