The growth rate of the United States economy fell by almost half in the fourth quarter as sliding government expenditures, ebbing business investment and rising imports subtracted from the largest jump in consumer spending in more than eight…Continue
Currently we are at 0.7242. We are looking for a continuation to the 1.618 Fibo support area @ 0.7127 with an overall target @ 0.6965. The average daily true range (ATR) for the pair currently is 108 pips.…Continue
Gold: yesterday price of gold dropped as we expected to complete the formation of a double top which opens the way to a negative trading on intraday basis as currently the price is hovering around the critical level However, 1552 was a key for…Continue
Morning Star Pattern has been found on the Daily chart. The recovery is in focus. RSI is above 50 on 1Hr Chart. On the other hand we have two inside day candle on daily chart. Break on any side will be a chance of profit taking. …Continue
Outlook in EURUSD remains neutral with risk to the downside at the moment , resistance comes at the 1.1422 levels , a failure to hold above the 1.1422 levels on a daily closing basis could mean a return to the 1.1223 levels , a halt is likely ,…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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