Resolving the Tug of War in EURUSD Technicals
EURUSD traders are torn between the ensuing battle of opposing forces; positive dynamics (July 2012 trendline support and May 2013 trendline support continuing to hold at 1.2950s); vs negative dynamics (TRIPLE DAILY MA confluence at 55, 100 & 200 DMAs near 1.3070s). The ongoing support above 1.2930-50s faces a host of event risks (ECB conference, US jobs report, Egypt protests /power shifand thin Holiday Trade in the US). As we integrate the developing technical dynamics in Portugal's 10-year bond yields to multi-time frame momentum analysis in EURUSD, we issue 2 new trades in EURUSD as well as move the unfilled trade in USDCHF. All of these charts and trades as well as the ongoing AUDUSD and USDCAD trades are in the latest Premium Insights.
Latest IMTs
-
Deflationary Bitcoin صلابة بيتكوين
by Ashraf Laidi | Apr 24, 2024 11:20
-
Of Gold Extensions مقياس إمتدادات الذهب
by Ashraf Laidi | Apr 15, 2024 16:38
-
Bitcoin performance & Miners Prehalving
by Ashraf Laidi | Apr 9, 2024 17:07
-
English Translation to Arabic Interview
by Ashraf Laidi | Apr 7, 2024 21:01
-
فشل الفدرالي في إقناع الأسواق
by Ashraf Laidi | Apr 6, 2024 14:17