Despite edging higher to 1.3321 last week, EUR/USD lost momentum from there and retreated sharply. A short term top is likely in place with bearish divergence condition in 4 hours MACD. Initial bias is neutral this week with focus on 1.3028 support. Break there will indicate completion of the rebound Action Insight (All Technical) forex [...]
ForexScanner PRO signaled a buy trade on the USD/CAD at 0.9958. The pair traded as high as 1.0038 (+ 80 pips). Other trades: EUR/USD short at 1.3177 (stopped for 20 pips loss), GBP/USD short at 1.5805 (+40 pips), NZD/USD short at 0.8335 ( +40 pips), USD/CHF long at 0.9124 (+ 46 pips) and finally AUD/USD [...]
EUR/GBP’s down trend was not ready to resume yet and consolidation from 0.8221 extended last week with another recovery to 0.8406. But overall outlook remains unchanged. While more consolidations could be seen, upside is expected to be limited by 38.2% retracement of 0.8830 to 0.8221 at 0.8454 to conclude the Action Insight (All Technical) forex [...]
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