Monthly Archives: February 2018

Daily Technical Report 27 February 2018

EUR/USD is turning positive, heading to hourly resistance at 1.2434 (06/02/2018 high). Hourly support remains at 1.2165 (17/01/2018 low). The technical structure suggests upside moves. • In the longer term, the momentum is turning largely positive. We favor a continued bullish bias. Key resistance…

Forex majors consolidate in front of Fed chair Powell

Forex traders seem to be sitting on their hands now as the major pairs consolidate ahead of a raft of key economic data releases in the coming days but also the first Congressional testimonies from the new Fed chair, Jerome Powell. It seemed as though yesterday’s moves were something of a false…

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