We have been assuming strong growth for several days and we still do so. The euro is currently in a place where large orders in both directions can meet. On the one hand, strong resistance that encourages investments to reverse the trend that is supported by information about the coronavirus
Swiss Currency Extremely Strong During today’s Asian session, the USD / CHF pair shows mixed dynamics, still close to the record lows of January 2015. Investors do not rush to open new trading positions awaiting the publication of the results of the 2-day Fed meeting, which will be released a
Yesterday’s assumptions and market movement directly confirmed the legitimacy of using several factors of reading the chart. This translated into the fact that now the course went beyond the canal over the top. Currently, we are close to resistance, but it is possible that it will be broken. today’s day
Currently, the British Pound does not have a specific direction. Asia almost did not move the price, which caused the chart to flatten due to this session. It should be noted that despite yesterday’s exit from the channel, the rate returned and stopped on support from the previously designated zone.
A few images from Monday morning. Last week surprised us a lot due to the volatility much higher than at the beginning of the week. EURUSD H1 retest to the channel line and rebound, giving a positive impulse to the direction Petroleum OIL. On Wednesday, expected macroeconomic data with little
In line with yesterday’s assumptions, the price of the European currency against the US dollar has broken the channel and is following the designated levels. There is a strong resistance zone ahead of us, where the rate has already stopped once and made a downward correction. This level may be
We assume a further downward move due to macroeconomic data to be announced for the British Pound at 8:00 AM. Due to expectations of deterioration of England’s situation, the rate after yesterday’s stronger break, which I presented giving the exact level, rebounded back to the downward trend. Asia in the
According to the last entry, the assumptions turned out to be accurate. The pound returned to resistance, rebounded, but finally broke the resistance level today, which we currently treat as support. Brexit data, or rather constant discussions on twitter portals, of people who have an impact on the market cause