Analysis based on round-number levels, price channels and modified Elliot Waves
Important round-number level 0.9800 held back sellers. The downward sloping channel is breached by the formation of Fractal Start above the 365-day moving average (0.9843). A breach of the fractal start will result in an upwards wave pattern on …
Gold futures fluctuated in a narrow range, tilted lower during the Asian session to see resumption of rebound from the highest since April 11, 2013, overlooking the decline of the US dollar index for the second consecutive session from the highest since May 12, 2017, according to the inverse relationship …
The euro-zone single currency fluctuated in a narrow, bullish range during the Asian session to see its rebound for the second consecutive session since May 15, 2017 against the US dollar on the eve of developments and economic data expected on Wednesday by euro-zone economies The US economy is the …
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