"It is impossible to predict with certainty the exact date when Treasury will be unable to pay the government's bills," Treasury Secretary Janet Yellen said in a letter to Congress. Although Yellen noted a tentative date of June 1 as the due date to help spur lawmakers into action.
While it is highly unlikely that the US will default on its debt, this doesn’t...
EURUSD recently pierced a three-week-old symmetrical triangle as the European Central Bank (ECB) Interest Rate Decision looms. That said, the Fed-inspired run-up impresses the Euro bulls as the pair trades successfully beyond the 200-SMA amid a firmer RSI (14) line and bullish MACD signals. As a result, the quote is well set for rising to the fresh high since late...
EURUSD dribbles around a fresh 13-month high marked the previous day as it pokes the neckline of an inverse head-and-shoulders bullish chart formation, close to 1.1090 at the latest. A successful break of the said hurdle would theoretically confirm a major uptrend targeting the year 2018 peak surrounding 1.2550-60. However, tops marked during March 2022 near...
EURUSD prins mild gains within a one-month-old bullish channel even as RSI eases from the overbought conditions. That said, the impending bear cross on the MACD joins the major currency pair’s inability to stay beyond 1.1000 to lure sellers. However, a clear downside break of the stated channel’s bottom line, close to 1.0900 at the latest, becomes necessary for...
EURGBP testing the trendline while it has already broken in OCTAFX broker , check it out with focus
Take a long postion with a risk/reward ration of 1:3 .
Also COT data is in favor:-
EUR - 163,338 Net positions
GBP - 2,398 Net positions
While many short positions has been closed in GBP , but it still may go long before a reversal
EURUSD bulls struggle at an 11-week-high as an upward-sloping trend line resistance challenges the major currency pair’s further upside around the 1.1000 psychological magnet. Adding strength to the stated resistance is the overbought RSI conditions. Even if the quote manages to cross the 1.1000 hurdle, the YTD high marked in February around 1.1035 could act as an...
CAPITALCOM:EURUSD
EURUSD has creating a Head and Shoulder if it breaks the Drawn neckline then we can plan for sell side and take retest entry. plan your trade accordingly...
EURUSD is currently remaining below the maximum zone of the market. Sellers being preferred below 1.0930 until 1.0910 and below 1.09 until 1.0880, buyers should be wary at 1.0880. The proposed scalping strategy suggests maintaining intervals of 10 pips per entry, although depending on volume, an entry could reach up to three market intervals. At this point, there...
EURUSD is in bullish trend, but the box is providing the resistance which seems to be temporary whenever the support is taken above the box, we can enter as the bull. Yellow line is another resistance, and we can book partial profits there and at green we can take it as TP.
EURUSD Fibonacci retracement
first retracement at 1.09020 (38.20%),
second retracement at 1.08802 (50.00%),
third retracement at 1.08584 (61.80%),
200EMA Support at 1hour timeframe,
thank you.
EUR/USD stays in daily range near 1.0900 after US data
EUR/USD is having a difficult time finding direction and moving in a tight channel at around 1.0900 on Thursday. Although the weekly Initial Jobless Claims in the US came in above the market expectation, the US Dollar manages to hold its ground amid risk aversion.
