EUR/USD Weekly Outlook

EUR/USD’s decline attempt was contained at 1.0494, above 1.0493 support and rebounded. Initial bias stays neutral this week first. On the upside, break of 1.0630 resistance will argue that pull back from 1.0828 is completed. Also, rise from 1.0339 coul…

EUR/CHF Weekly Outlook

EUR/CHF rebounded strongly last week and hit as high as 1.0713 before closing at 1.0692. The breach of 1.0706 minor resistance indicates short term bottoming on bullish convergence condition in 4 hour MACD. This is also taken as an early sign of trend …

The Weekly Bottom Line

It was an exciting week in markets this week. Alongside a much awaited tech IPO, there were plenty of first-tier data (both domestic and international), central bank speeches, and the inaugural presidential address to Congress. International data came …