EUR/USD ahead of the Fed: Tight but ready to rock

The EUR/USD is locked between dense clusters of technical levels as tension grows ahead of the all-important decision of the Federal Reserve. Fed Chair Powell and his colleagues are indeed able to send the pair out of range. The Technical Confluences Indicator shows that the EUR/USD is battling the 1.1760 area where we see a congestion of the following levels: the […]

EUR/USD still looking bullish despite losing the highs

The EUR/USD is back to the drawing board after setting new highs on Monday. Tensions around trade and the Fed keep ranges tight. The technical picture is mixed for the pair. The EUR/USD is back to the mid 1.1700s after rising on Monday. The US is slightly stronger today. The pair hit new two-month highs on Monday […]

EUR/USD faces a hard ceiling if it tried to rise again

The EUR/USD is back to the well-known range after testing the upside. The next attempt may face a hard wall. The Technical Confluences Indicator shows that the pair is mired around 1.1760 in a dense cluster which includes the Fibonacci 23.6% one-week, the Bolinger Band 15m-Upper, the Simple Moving Average 50-one-hour, the SMA 5-4h, the SMA 200-15m, the Bolinger Band one-hour […]

GBP/USD: Can it recover? The Brexit noise continues

The GBP/USD is attempting a recovery after the big fall on Friday. The British government is considering its next steps. The technical picture is not as bullish as it used to be. The GBP/USD is trading around 1.3100, trying to make its way back up after crashing on Friday. The EU rejected Britain’s Chequers plan […]