Community Blog

Filtrato dai tags:  Previous Day High
Avatar

Nothing new from the Fed

The Dollar got sold across the board, after the FOMC failed to deliver any clear signal on when the rates may go up. That's nothing unexpected, but the market still hoped for something more hawkish.
Following a quick stop run to 1.1205 on the announcement, Euro rocketed to 1.13 and it was a steady grind up from there. It has broken Previous Day High (1.1330) and 1.1350 but then stalled ahead of Monthly Resistance 1 (1.1366) and Previous Week High (1.1386).
Read full story
Translate to Inglese Show original
oper inserire commenti
Avatar

EURo in demand

The Dollar weakened across the board yesterday as post-NFP losses were reversed on most major pairs. The biggest winner was the Euro, which rose 190 pips from the open, with the daily range of more than 220 pips.
The pair continued to gain overnight, but it stalled ahead of the trendline drawn off June/July 2014, December 2014 and May/June 2015 peaks. Above that, a confluence of Weekly Resistance 1 (1.1366), Monthly Resistance 1 (1.1366), Daily Resistance 1 (1.1371) and Previous Week High (1.138…
Read full story
Translate to Inglese Show original
oper inserire commenti