EURUSD recently reversed down from the resistance area lying between the resistance level 1.1570, upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse (1) from the end of September.
This resistance area was further strengthened by the upper resistance trendline of the daily up channel from November.
EURUSD is expected to fall further and re-test the next round support level 1.1300 (which has been reversing the price form the end of November).
German industrial production continues to decline. The rate of contraction in March was slightly better…
US indices have been gaining daily since the beginning of May. They have found strength…
Market picture The crypto market has lost 2% of its capitalisation over the last 24…
- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…
- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…
The single currency is trading near $1.076, waiting for further cues and facing serious resistance…
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