by OverviewFX | Aug 23, 2024 | Forex
In the calm before what could be a stormy session, forex markets remained exceptionally quiet during Asian trading. Dollar managed a slight recovery overnight, bolstered by pullback in US equities, but the upward momentum has been notably weak. Traders are now...
by OverviewFX | Aug 23, 2024 | Forex
There is just one to take note of on the day, as highlighted in bold.That being for EUR/USD at the 1.1100 level again. Similar to yesterday, the expiries are likely to help lock price action from falling off too much in the session ahead. That at least until we get to...
by OverviewFX | Aug 22, 2024 | Forex
ECB’s July meeting accounts revealed that the upcoming September meeting is “widely seen as a good time to re-evaluate the level of monetary policy restriction,” with members emphasizing the importance of approaching that meeting with an “open mind.” The...
by OverviewFX | Aug 22, 2024 | Forex
Daily Pivots: (S1) 0.8502; (P) 0.8524; (R1) 0.8538; More…. EUR/GBP’s fall from 0.8624 resumed by breaking through 0.8507 temporary low as well as 55 D EMA (now at 0.8498. Intraday bias is back on the downs for 61.8% retracement of 0.8382 to 0.8624 at 0.8474. Firm...
by OverviewFX | Aug 22, 2024 | Forex
Daily Pivots: (S1) 1.1108; (P) 1.1141; (R1) 1.1183; More…. A temporary top is in place in EUR/USD with 4H MACD crossed below signal line. Intraday bias is turned neutral for consolidations first. But further rally is expected as long as 1.1046 resistance turned...
by OverviewFX | Aug 22, 2024 | Forex
Daily Pivots: (S1) 1.3028; (P) 1.3074; (R1) 1.3137; More… Intraday bias in GBP/USD remains on the upside for the moment. Decisive break of r 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high, will confirm larger up trend...
