Blogs

Euro Rebound Could Stall, But More Gains To Come

Forex

<p>The euro currency is up over 0.90% intraday on Tuesday. The gains come following the common currency holding on to the support at 1.0787 level. The Stochastics oscillator is hinting a possible pullback. If a higher low forms, there is scope for the euro to accelerate the gains. The next main target to the upside […]

GBPUSD Floor May Be In Place

Forex

<p>The British pound has started to recover higher against the greenback after briefly dropping below the 1.2200 support level. A medium-term price floor may now be in place and GBPUSD bulls could start to target towards the 1.2600 technical resistance area. A sustained loss of the 1.2150 level and the GBPUSD pair could easily start […

EURUSD Still A Buy

Forex

<p>The euro currency is holding steady against the US dollar after recently staging a strong rally towards the 1.0900 resistance level. If EURUSD bulls can gain traction above the 1.0900 resistance level, then a stronger rally towards the 1.0980 level should be expected. Traders are also aware that a bullish double-bottom pattern is now in [&

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