EURUSD Overview, March 14

After touching fresh highs near 1.1340, the EURUSD pair has now lost momentum and retreats to the 1.1315 zone. Positive risk appetite trends have helped spot to bounce back from a week ago’s YTD lows in the 1.1180 area to yesterday’s fresh highs in the limits of 1.1340. The bias stays…

GBPUSD Overview, March 12

The GBPUSD pair holds near 1.32 in early European trading. The GBP was supported by renewed hope on potential Brexit deal approval after UK Prime Minister May concurred with European commission on some changes to her plan, in front of UK parliament vote later. The near term bias stays more bullish…

GBPUSD Forecast, March 11

The USD weakened on Friday in the midst of the jobs report which dented the market sentiment. Furthermore, that has helped the GBPUSD pair to trade above 1.3000 to session highs of 1.30179. Headlines about that the British Prime Minster May is losing support for her Brexit vote and is also confronting expanding…

EUR/USD Technical Overview – March 11

From a specialized point of view, the bounce back from help set apart by 61.8% Fibonacci retracement dimension of the 1.0341-1.2556 up-move currently appears to face some new supply close mid-1.1210s, above which a new episode of short-covering could help the pair to head back towards recovering the 1.1300…