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Technical Analysis
Wednesday 3rd June: Technical Outlook and Review

The US dollar index, or more commonly referred to as the ‘DXY’, declined to levels not seen since March 13 on Tuesday after recording its sixth consecutive daily loss.

By IC Markets Global

Technical Analysis
Tuesday 2nd June: Technical Outlook and Review

Despite Monday’s advance, a turn from 1.1157/1.1099 places 1.0995 on the hit list as support; alternatively, additional upside has resistance at 1.1239 calling for attention (essentially the same base as weekly QM).

By IC Markets Global

Technical Analysis
Monday 1st June: Weekly Technical Outlook and Review.

Europe’s single currency journeyed to a peak of 1.1145 against its US counterpart last week, adding more than 200 pips into Friday’s close.

By IC Markets Global

Technical Analysis
Friday 29th May: Technical Outlook and Review

Europe’s shared currency retained a healthy underlying bid against the US dollar Thursday, adding 0.7% by London’s close. The US dollar index maintained a position south of 99.00, crossing through 98.50. In spite of this, the DXY was initially unmoved by the revision lower to Q1 GDP and larger-than-forecast unemployment claims.

By IC Markets Global

Technical Analysis
Thursday 28th May: Technical Outlook and Review

Wednesday had the shared currency rebound strongly against the US dollar, off May’s opening level at 1.0943. 1.10 came under threat shortly after, displaying a fakeout through the key figure to April’s opening level at 1.1023 on the H4 timeframe.

By IC Markets Global

Technical Analysis
Wednesday 27th May: Technical Outlook and Review

With the US dollar index travelling through 99.50 and touching gloves with 99.00, EUR/USD H4 price is seen seeking additional bidders for a push to nearby 1.10, a key figure widely watched in this market.

By IC Markets Global

Technical Analysis
Tuesday 26th May: Technical Outlook and Review

Europe’s shared currency was somewhat muted south of 1.09 against the buck Monday, as US banks closed in observance of Memorial Day and UK banks in view of Spring Bank Holiday.

By IC Markets Global

Technical Analysis
Monday 25th May: Weekly Technical Outlook and Review

In spite of clocking session highs at 1.1008, the attempt to regain footing above the 2016 yearly opening level at 1.0873 was abruptly denied, consequently reclaiming a large portion of the week’s upside.

By IC Markets Global

Technical Analysis
Friday 22nd May: Technical Outlook and Review

Key risk events today: BoJ Monetary Policy Statement and Press Conference; […]

By IC Markets Global

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