Monthly Archives: March 2018

Daily Technical Report 12 March 2018

EUR/USD is maintained at the 1.2330 range following recent decline from 1.2446 high. Hourly support and resistance are given at 1.2112 (12/01/2018 low) and 1.2475 (31/01/2018 high). The technical structure suggests further short-term sideway moves. • In the longer term, the momentum is turning…

Dollar slipping back as indices start the week strongly

The normal reaction to US jobs growth of well over 300,000 would be to outright buy the dollar. But this does not happen now as the market is seemingly indifferent about the jobs numbers, only more interested in any traction in wage growth, and for that, Friday’s payrolls was a disappointment. There…

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