Monthly Archives: June 2018

Daily Technical Report 15 June 2018

EUR/USD has fallen off a cliff. The short-term trend remains negative as long as prices remain below hourly resistance at 1.1993 (14/05/2018 high). Hourly support is given at 1.1510 (29/05/2018 low). • In the longer term, the momentum is turning largely negative. We favor a continued bearish bias…

Euro falls on ECB, with dollar gains hitting across forex majors

The reaction to the ECB monetary policy announcements yesterday was remarkable. The euro has sold sharply lower as the ECB laid out its monetary policy plans for the coming months. Ending its Asset Purchase Programme with a taper into the end of December was broadly expected by the market even if…

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