EUR/USD, according to the H4 timeframe, dipped to 1.1241 yesterday, leaving support at 1.1221 unchallenged, before turning to reclaim 1.13+ status to shake hands with recently formed Quasimodo resistance at 1.1362.
Global Markets: Asian Stock Markets : Nikkei down 0.38%, Shanghai Composite up 0.62%, Hang Seng up 1.86%, ASX up 2.44% Commodities : Gold at $1702.60 (-0.15%), Silver at $17.84 (-0.31%), Brent Oil at $40.93 (+0.32%), WTI Oil at $38.42 (+0.60%) Rates : US 10-year yield at 0.839, UK 10-year yield at 0.319, Germany 10-year yield … Continue reading Tuesday 9th June: Asian markets gain as S&P 500 wipes YTD losses
EUR/USD left Monday muted, glued to the underside of the 1.13 handle on the H4 timeframe, ranging between 1.1319/1.1268. Downside support from here, therefore, remains at 1.1221 (prior Quasimodo resistance), closely followed by the 1.12 handle and trend line support, taken from the low 1.0727.
Global Markets: Asian Stock Markets : Nikkei up 1.38%, Shanghai Composite up 0.24%, Hang Seng down 0.11% Commodities : Gold at $1698.50 (+0.92%), Silver at $17.84 (+2.05%), Brent Oil at $42.84 (+1.28%), WTI Oil at $39.95 (+1.01%) Rates : US 10-year yield at 0.917, UK 10-year yield at 0.349, Germany 10-year yield at -0.283 News … Continue reading Monday 8th June: Asian markets continue their momentum on US jobs steam.
Over the course of last week, EUR/USD extended recovery gains north of the 2020 yearly opening level at 1.1222, consequently grappling with trend line resistance into the close, a level extended from highs at 1.2555.
