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EURCHF – Euro Testing Crucial Resistance Near 1.0750 Vs CHF

Key Points

  • The Euro remained above the 1.0680 support against the Swiss Franc, and traded higher.
  • There is a bullish trend line with support at 1.0680 formed on the hourly chart of EURCHF.
  • Today in the Euro Area, the quarterly Read More →

G20 leaders fail to reach compromise, dollar on the defensive

The dollar dropped to a five-week trough on Friday, and stayed under pressure for a third consecutive session following the Federal Reserve decision of keeping a gradual pace to its monetary policy tightening. The FOMC decision dampened hopes for Read More →

GBPUSD – British Pound Bounce Looks Real Vs US Dollar

Key Points

  • The British Pound made a nice upside move recently, as it climbed above 1.2400 against the US Dollar.
  • There are two bullish trend lines with support at 1.2400 formed on the hourly chart of GBPUSD.
  • Today in the Read More →

Tech Targets: EUR/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD: Neutral: Recovery to extend to 1.0825/30.

While EUR closed on a slightly weak note, the undertone is still positive and as long 1.0670 is not taken out, we continue to expect another leg higher towards 1.0825/30. This level Read More →