FxWirePro: EUR/USD gains some upside momentum but still bearish
Feb 08, 2017 16:20 pm UTC| Technicals
The EUR/USD rose higher at the beginning of the US session on Wednesday as the single currency gained from investors wariness over Trumps protectionism and immigration policy and his hints that he would prefer a weaker...
FxWirePro: USD/JPY pauses decline, downside side remains intact
Feb 08, 2017 15:34 pm UTC| Technicals
USD/JPY declined on Wednesday as political risks posed by-elections in Europe and worries over U.S. President Donald Trumps policies increased demand for safe-haven Japanese yen. Investors are concerned about the...

FxWirePro:US Oil downside capped by 38.2% fibo, good to buy on dips
Feb 08, 2017 13:04 pm UTC| Technicals
Major support - $51.20 (38.2% retracement of $44.81 and $55.21) Major resistance - $52.94 (200- 4H MA) US Oil has shown high level of selling for the past four trading session after hitting high of $54.31 on Feb...

Feb 08, 2017 11:58 am UTC| Technicals
Major support 0.98600 (200- day MA). Major resistance 1.0010 (21- day MA) The greenback retreated after rising slightly above 1.0000 level and slight bullishness can be seen above the 1.0010. It is currently...

FxWirePro:USD/CHF struggles to close above 1.000 level, good to buy on dips
Feb 08, 2017 11:02 am UTC| Technicals
Major support 0.98600 (200- day MA). Major resistance 1.0010 (21- day MA) The greenback retreated after rising slightly above 1.0000 level and slight bullishness can be seen above the 1.0010. It is currently...

FxWirePro: EUR/USD forms Bullish BAT Pattern, good to buy on dips
Feb 08, 2017 09:31 am UTC| Technicals
Harmonic pattern formed: Bullish Bat pattern Potential Reversal Zone (PRZ)- 1.05850 EUR/USD bullish Bat pattern is expected to get completed at 1.06155 which his 88.6% retracement of 1.05891 and 1.08288...

FxWirePro: EUR/AUD hovers around multi-month lows, bias lower, stay short
Feb 08, 2017 08:52 am UTC| Technicals
ECBs Weidmann says ECB not at point where it can end expansionary policy. EUR/AUD capped below 5-DMA as Euro extends weakness. Heightened political uncertainty in the euro area keeps euro subdued, while AUD remains...