EUR/USD Price Analysis: Immediate target comes around 1.0630.

EUR/USD’s upside momentum faltered once again around 1.0630.The breakout of that resistance could lead up to a test of 1.0713. EUR/USD gives away initial gains and sinks in the red territory well south of the 1.0600 support on Thursday.Subsequent bullish attempts need to clear the short-term top in the 1.0630/35 band (January 4,5) to allowContinue reading “EUR/USD Price Analysis: Immediate target comes around 1.0630.”

GBP/USD Price Analysis: Upside looks favored amid inventory accumulation around 1.2050.

The Cable is displaying a sideways auction ahead of US Employment data. Investors’ risk appetite has trimmed as S&P500 futures are facing immense heat. The RSI (14) has slipped into the 40.00-60.00 range, which indicates a consolidation ahead. The GBP/USD pair is displaying topsy-turvy moves around 1.2050 in the Asian session. The Cable asset hasContinue reading “GBP/USD Price Analysis: Upside looks favored amid inventory accumulation around 1.2050.”

EUR/JPY looks to test the 20-day SMA at 143.00

EUR/JPY recovers from short lived correction, back near 143.00. Japanshort-livedes momentum as bonds trims gains.EUR/USD tests the upper limit of the current range, break could trigger more gains in the cross. The e EUR/JPY is rising for the fourth consecutive day. On Asian hours the cross peaked at 142.93, the highest level since December 20.Continue reading “EUR/JPY looks to test the 20-day SMA at 143.00”

EUR/GBP hits fresh one-month highs at 0.8780.

Pound among worst performers on Wednesday. EUR/GBP bullish, looking at 0.8800 and more. The EUR/GBP cross gained momentum during the European session and climbed to 0.8780, hitting the highest level since November 15. It then pulled back, finding support at 0.8745 and after the beginning of the American session, it is approaching daily highs.  TheContinue reading “EUR/GBP hits fresh one-month highs at 0.8780.”