EUR/USD: will the ECB send it lower?
Asia-Pac bourses took impetus from the gains on Wall Street where stocks rallied to all-time highs and the Nasdaq outperformed.
EUR/GBP: rebounded from maximums
Information is not investment advice
On the daily chart of EUR/GBP, the pair touched picks above 0.93 and moved down. RSI indicator has left the oversold area, same as MACD formed new maximums. If we look at H4, we will notice that the RSI indicator has been sliding. RSI indicator on both H4 and daily charts signal a continuation of the downward pressure. The first target lies at 0.9240. If the fall prolongs, 0.9225 level will become the next point for short. Targets are at 0.9211 and 0.91849.
However, the pair may turn around and we will see a movement towards previous highs. EUR/GBP will target 0.9311. The next targets are at 0.9355 and 0.94.
Darya Bobrova
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EUR/USD: will the ECB send it lower?
Asia-Pac bourses took impetus from the gains on Wall Street where stocks rallied to all-time highs and the Nasdaq outperformed.
TRY, BRL, ZAR, RUB: advantages of exotics
There many exotic pairs out there. There many reasons to trade them, too. What are they? Read the article, and you'll see.
Cable takes another peek above 1.3700
World shares gained on Wednesday on bets of hefty US spending after US Treasury Secretary nominee Janet Yellen urged lawmakers to "act big" to save the economy and worry about the debt later.
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