Monthly Archives: June 2018

Daily Technical Report 06 June 2018

EUR/USD strong bounce resumes, the pair is trading higher, approaching the 1.1770 range. 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…

EURJPY rises to 2-week high, looks strongly bullish

EURJPY has been recording a stunning rally over the last five days, creating a new two-week high of 129.57. The sharp buying interest has shifted the near-term bias from negative to positive. Also, the momentum indicators are supportive of the bullish picture.

From the technical point of view, th…

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