Sterling got a good support at 1.4975 on last friday and today's low so far is 1.4980. We have only 1 medium levelled data release today from UK.
As far as the pair remains below 1.5050 the outlook is bearish.
1. BBA Mortgage…
We are into the last week of the month of January so the market is expected to show the monthly trend reversal move which will be less volatile than yearly trend reversal time which we have seen till last week.
Trade 1 - 27/01 0:01am , half closed @ 50.80 , SL stays @ 50.15
Trade 1 - 26/01 8:00pm SL up to break even @…Continue
Sellers continue to govern CABLE with last week producing the 6th weekly decline in succession – tracking the lower end of a declining Keltner channel. But last week was dominated by Thursday’s price action – initial gains rejected near the key…Continue
EUR continues free fall as the negative news is coming out one by one. First the ECB starts QE program and now in Greece will rule the pro-socialist government. Days of the european union are already counted, the countdown has started. EUR price…Continue
This analysis is about the intraday key support/resistance levels for EUR/USD . These levels are identified as per technical outlook and the discerned movement till date that includes the fundamental analysis also.…Continue
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