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EURUSD fell to fresh 14 year lows, breaking the low from December at the 1.03517 hitting the low for the day at 1.0339 the worst level since 2002. The strong USD supported by data showing strong ISM manufacturing and construction spending data. Bearish momentum came back as we enter the New Year and every rebound looks like a selling opportunity. Bearish momentum will change only if the pair climbs above the 1.0392 level.
Technical analysis USDJPY changes direction to bullish as it breaks below the 50h MA. The pair hit the daily high at 111.59 during the Draghi speech, but sellers took control and driving the pair to […]
The less than hawkish FOMC report send the pair below the 116 level hitting the lows at 115.57 crushing all supports. The technical picture is deteriorating for USDJPY and have already lost 200 pips […]
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