Monday’s session did just that. Sellers challenged 1.1530 but were unable to penetrate the level. That bounce from 1.1530 has led to today’s retest of the 1.1630 area.
EURUSD Tips
Evaluating Dollar, Yen, Franc and Gold as Havens Amid Fear
Gold Silver Reports (GSR ) – What did we witness this past week? There was an unmistakable tumble across the financial system in assets with a ‘risk’ designation. The variety of ‘havens’ similarly rose. This abruptness of this move contradicted the steady deterioration of market activity over the preceding days and weeks.
Dollar Index Now Down By More Than 0.2%
Gold Silver Reports (GSR) – Dollar index now down by more than 0.2% – And it is falling below the 38.2 retracement level @ 93.81 as highlighted earlier here. The continued selling momentum in the dollar following the US jobs report extends to the new week. EUR/USD just touched a session high of 1.1781 while the dollar is at the lows against the aussie, swissie, and sterling as well.
EUR/USD Daily Chart Made Reversal Pattern Above 1.17234 Blast, Think Where Will Comex and MCX Gold Go????
EUR/USD Daily Chart Made Reversal Pattern Above 1.17234 Blast, Think Where Will Comex and MCX Gold Go????
“No Magic, No Miracle, Just Power of Level”
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
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