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EURUSD – Euro Consolidating Gains Above 1.1630 Vs US Dollar

Key Points

  • The Euro climbed higher recently and currently placed well above the 1.1635 vs the US Dollar.
  • There is a solid bullish trend line forming with support at 1.1638 on the hourly chart of EURUSD.
  • Today in the Euro Read More →

USDCHF – US Dollar Remains Below Key Resistance Vs Swiss Franc

Key Points

  • The US Dollar faced a lot of selling pressure recently and declined below 0.9500 against the Swiss Franc.
  • There is a short-term ascending channel forming with resistance near 0.9485 on the hourly chart of USDCHF.
  • Recently in the Read More →

EUR/JPY: Positioning Is A Challenge For Another Leg Higher – SocGen

Societe Generale FX Strategy Research notes that positioning is currently a challenge for further EUR/JPY gains.

"CFTFC data for last week showed the market increasing its long speculative position in EUR, and simultaneously increasing the short in JPY.

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Dollar buoyed by solid data

The dollar pulled back up from its lowest level in over a year on Monday, aided by better-than-expected data on the U.S. economy, as forex investors kept a wary eye on developments concerning possible ties between Russia and aides to Read More →