Monthly Archives: January 2018

EURUSD runs to the upside; next resistance at 1.2090

EURUSD is completing a tremendous upside movement over the last three days and has appreciated more than 1.4% since December 27. The new year has found the pair extending its upside pressure and opening today’s daily session with a gap up, posting an almost 4-month high at 1.2038. Also, the price…

US dollar starts 2018 under renewed selling pressure

As traders return to their desks after the holiday period they are met with a dollar that has come under renewed selling pressure. A bout of selling hit the greenback to end 2017 on a sour note at its lowest level in over three months on the Trade Weighted Dollar Index. Markets seem to continue to…

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