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.
New EUR/USD Trade
2021-08-17 • Updated
EUR/USD declined back yesterday after trying to test its 1.18 resistance area, but it failed to do so, declining all the way to 1.1765 during the Asian session today. The daily technical indicators are still showing some bullish signs, which could mean that the upside retracement is not over yet. Therefore, I would like to risk one more trade on EUR/USD today between 1.1765 and 1.1750 with a stop at 1.1725 only, with a possible target of 1.18 followed by 1.1830.
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.