Monthly Archives: February 2018

US Dollar Bullish Momentum Faces Final Resistance Zone

The EUR/USD broke below the support trend line (dotted blue) and is now testing the previous bottom (green). The support zone is a key decision level for a bullish bounce or bearish breakout and will decide whether USD strength or weakness will prevail. A bearish break makes a wave 4 (purple)…

Can the dollar continue the Powell driven rebound?

Can the testimony of Jerome Powell sustainably turn around the medium term prospects of the dollar? PowellÂ’s upbeat assessment of the US economy has driven a dollar rebound again. Whilst essentially he did not add too much to the wildly perceived view of three hikes are likely this year, with four…

000webhost logo