The rally of the US dollar has stopped for a while. That allowed risk-on assets (GBP, NZS, AUD, stocks) and also gold to recover some losses.
EUR/USD Worth the Risk Today!
2021-08-10 • Updated
EUR/USD declined further on Monday reaching as low as 1.1735, breaking through 1.1760’s support area, posting 5 days of consecutive declines, while the technical indicators are near the oversold area on the daily chart as well. However, after 5 days of consecutive declines, it's worth the risk for few longs around the current price at 1.1730’s. The last time the euro had 5 days of consecutive declines was back in October 2020, which has led to a rebound of 0.6% on the 6th day. I wouldn’t be surprised if the euro retests 1.18 in the coming days. On the other hand, my stop for such trade should not exceed 1.1690.
4H Chart Daily Chart The US Dollar Index failed to sustain its recent gains above its 50 DAY MA, the index declined back yesterday with higher trading volume, while all eyes are on the PPI data today after mixed economic releases over the past few…
We have outlooked several promising Forex pairs and the result can surprise you!
Coinbase is a secure online platform for buying, selling, transferring, and storing digital currencies…
Novavax tried to fulfill more than 2 billion doses of vaccine, but the campaign is now delaying too much due to production lags. Is that a sell sign for investors?
Such big companies as Netflix, Tesla, and Johnson & Johnson have revealed their financial results for the third quarter.