Monday 13th July: Weekly Technical Outlook and Review
Europe’s single currency reclaimed earlier losses Friday, latching onto a healthy bid off 1.1255 to 1.13 against the buck, boosted by US producer prices unexpectedly declining in June.
Friday 10th July: Technical Outlook and Review
EUR/USD, based on the H4 timeframe, chalked up a two-candle fakeout through Quasimodo resistance at 1.1340, reaching highs at 1.1370, and headed marginally south of 1.13 into the European close.
Thursday 9th July: Technical Outlook and Review
Recording its fourth consecutive daily gain Wednesday, GBP/USD attracted fresh buying as the DXY dipped a toe in waters south of 96.50. May’s opening level at 1.2583 and the 1.26 handle caved under pressure on the H4 timeframe, potentially setting the stage for an approach to Quasimodo resistance at 1.2653 and, with a little enthusiasm, the 1.27 handle.
Wednesday 8th July: Technical Outlook and Review
EUR/USD, based on the H4, swung beneath 1.13 to lows at 1.1258, though corrected back to 1.13 and held into the European close. South of 1.13, traders’ crosshairs will likely be fixed on July’s opening level at 1.1235, with a break likely to see price hone in on 1.12.
Tuesday 7th July: Technical Outlook and Review
GBP/USD bulls went on the offensive last week and pencilled in healthy upside. With respect to structure on the weekly timeframe, support resides at 1.2163, a Quasimodo formation
Monday 6th July: Weekly Technical Outlook and Review
The aftermath of Thursday’s upbeat US employment data and declining unemployment rate witnessed the DXY hook a firm bid. This, following a retest at the underside of 1.13 (sited beneath Quasimodo resistance at 1.1340), directed EUR/USD lower, settling around July’s opening level at 1.1235.
Friday 3rd July: Technical Outlook and Review – US Banks Closed in Observance of Independence Day
The aftermath of yesterday’s upbeat US employment data and declining unemployment rate witnessed the DXY hook a firm bid. This, following a retest at the underside of 1.13 on the H4, directed EUR/USD lower, settling 30 pips shy of 1.12 heading into the European close.
Hong Kong SAR Establishment Day & US Independence Day holiday Trading schedule
Please find our Updated trading schedule for Hong Kong SAR Establishment Day and US Independence Day Holiday starting Tuesday, 30th July 2020 below.
Tuesday 30th June: Technical Outlook and Review
The euro ended a shade higher against the buck going into the European close Monday, after EUR/USD retreated south of 1.13 amid a healthy DXY bid. In the second half of last week, downside attempts were contained at 1.12 on the H4.
