EURUSD
The pair is still consolidating at the previously reached maximums amid the expectations that the ECB changes its course. It is assumed that reduction of stimulus measures in early 2018 will be announced this fall after the German federal elections take place. These expectations are the reason for the …
EURUSD
The pair has risen amid the weak ADP data. It has also received support from the head of Bundesbank Jens Weidmann, who made it clear that EU economic recovery demands a gradual tightening of the monetary policy.
The price is higher than the middle Bollinger band, lower than SMA5, …
EURUSD
The pair remains in the short term downside trend. The positive ADP Nonfarm Employment data, which is to be released today, will most probably push the pair down.
The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides lower than 50% …
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