Category Archives: Technical Analisys

EURUSD: Selling Pressure Mounts Below 1.1720

If you read Sunday’s forecast, you know I wasn’t keen on the idea of buying the EURUSD. I even wrote that I was in no hurry to buy the pair. I also pointed out the lack of momentum since the beginning of June. For nearly two months, the single currency has been range bound following the 800 pip drop…

USD/CNH hits a fresh high – time to hold onto our hats again?

The parabolic moves on USD/CNH has seen AUD and Asian currencies in general come under pressure. So, with its break to a fresh 11-month high today, AUD/USD is back under the spotlight for a move lower. Last month USD/CNH endured its second most bullish (and volatile) month on record and its ascent…

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