Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
EUR/USD consolidating a double cycle
2019-11-11 • Updated
EUR/USD has been rallying across the board and it’s trying to consolidate above the 1.1800 mark. However, the pair is facing a strong resistance in the 1.1845 level, which should give up in favor of the bulls in order to test the Fibonacci extensión zone of 100% at 1.1882. Such move could be the indication of a double cycle held since December 12th lows.
RSI indicator remains in the positive territory, favoring to the bulls.
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