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EUR/USD has been finding its feet after falling from the highs.  Europe’s faster economic recovery, US coronavirus cases, and uncertainty about fiscal stimulus are in play. Monday’s four-hour chart is showing that the currency pair exited overbought conditions. Fresh energies in a new month? EUR/USD has been trading close to 1.18 – down from its…

GBP/USD has surged above 1.31 amid a massive dollar sell-off. The new lockdown in parts of northern England and end-of-month flows may trigger a correction. Friday’s four-hour chart is pointing to extremely overbought conditions. North in Lockdown 2 – the headline of one of Britain’s tabloids sums up the developments with which around 4.3 million…

EUR/USD has been surging above 1.19, the highest since June 2018. Europe leads the US on the recovery, coronavirus, and fiscal stimulus. Friday’s four-hour chart is pointing to stretched overbought conditions. Too good to be true? EUR/USD bulls must be grateful for an impressive uptrend – and for good reasons – after periods of low…

EUR/USD is trading above 1.1750, retreating after the Fed but shrugging off weak German GDP. US jobless claims, GDP data, fiscal stimulus, and coronavirus figures are eyed. Thursday’s four-hour chart is pointing to fresh gains. A double-digit contraction in the largest economy? Not a problem for – which is showing its strength after Germany reported…

EUR/USD has advanced after weak US GDP and jobless claims.  The Fed’s gloomy stance and Europe’s coronavirus advantage may extend the pair’s gains. Thursday’s four-hour chart is showing that bulls have room to run. Better than expected but still the worst in history – the US economy fell by 32.9% annualized in the second quarter,…

GBP/USD has been on the back foot following the worried Fed decision. US GDP, jobless claims, and new UK coronavirus regulations are in play. Thursday’s four-hour chart is showing the currency pair has dropped off the uptrend channel. Ten days instead of seven – of self-isolation in case of showing coronavirus symptoms. That is likely…

Hello traders, Silver is recovering with impulsive price action from 11.60 lows. We see waves 1 and 2 as completed, so current price activity from 14.48 level can belong to a wave 3 of a higher degree. Wave 3 is an impulse, therefore five legs must be structured, before resistance may be seen, and a…

EUR/USD has been firmly holding onto its massive gains ahead of the Federal Reserve’s decision. A dovish message from the Fed and US politicians’ struggles could send it higher. Wednesday’s four-hour chart is showing that overbought conditions are coming closer. Overbought, so what? That seems to be the mantra for EUR/USD in the past week…

GBP/USD is moving toward 1.30 as the dollar loses steam ahead of the Fed. The UK’s relations with Europe, China, and even American could pressure the pound.  Wednesday’s four-hour chart is pointing to overbought conditions.  “I’m afraid you are starting to see in some places the signs of a second wave of the pandemic” –…

EUR/USD is holding onto the high ground around 1.16 following upbeat eurozone PMIs. Sino-American tensions, US coronavirus figures, and data may cap any gains. Friday’s four-hour chart is showing the potential for more gains. Completing a bullish week for the euro – that was the headline of the for Friday’s data and it turns to…