Monthly Archives: August 2018

EUR/USD Resilience Accompanied by Shift in Retail Sentiment

The near-term rebound in EUR/USD appears to be losing steam as it snaps the series of higher highs & lows from the previous week, but a broader shift in market behavior appears to be taking shape as both price and the Relative Strength Index (RSI) threaten the bearish trends from earlier this year.

NZDUSD Caught Between Support and Resistance

On Sunday I discussed a falling wedge on the NZDUSD that could trigger a move higher. The pair appears to have broken wedge resistance yesterday, but now buyers face a new challenge.

You may recall from Sunday¬ís forecast that I explained how a close above 0.6700 would expose 0.6850. I included 0….