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ECB’s Coeure: Germany is ahead of reforms, France will catch up…

  Good Morning,   – Slow start to slow Week… –  The dollar was stable against the euro on Monday, despite weak German industrial production (-1.8% from 0.3%). Eur/usd fell a few pips on the release of the news but quickly found buyers at 1.3580 taking it at 1.3600 and traded in at this range […]

Intraday Trading Zones for ETHUSD

ETHUSD is facing 21 EMA and 50% Fibonacci level on daily timeframe after recovering for three straight days. The trend is bearish as there is a pattern of lower lows series according to the latest swings. The price hasn’t yet created a new major daily Swing High. Reviewing the hourly timeframe, we have noted three […]

Forex Daily Outlook

EURUSD violated the short-term rising channel to the downside. It bounces from the daily pivot S1 and is heading towards the lower side of the broken channel. Sellers may potentially step in this area.  Bulls have to maintain 200SMA (60m) intact otherwise the bias will turn to bearish. In the meantime, the negotiations between the […]