Monthly Archives: June 2018

Traders keeping their powder dry amidst early forex consolidation

Although market sentiment is still significantly more positive than a week ago at the height of concerns over Italian political risk, positioning seems to be somewhat more cautious today as traders appear to be keeping their powder dry. Concerns over the path of protectionist policies that the US is…

EURUSD Bulls Stumble at 1.1720

Yesterday I discussed how it wouldn’t surprise me to see the EURUSD gain some ground this week. The pair’s 800 pip drop since breaking below wedge support on April 20 has been impressive and perhaps a bit much for sellers to keep up with.

Last Wednesday’s 130 pip surge was the first sign of short…

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