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Political news remains central to the next moves for the currency pair. The four-hour chart continues showing a bearish outlook despite the recovery. The end of Theresa May’s era begins at the end of May. The PM has just announced she will step down as Conservative Party leader on June 7th. The decision has been…

EUR/USD hit the lowest since 2017 only to bounce back. Falling US yields drive the dollar lower as the euro awaits the EU election results. The four-hour EUR/USD chart is not bearish anymore. EUR/USD has hit a new 2019 low at 1.1107, but this was only four pips beneath the previous trough, and it seemed…

EUR/USD hit the lowest in four weeks on a mix of USD strength and EUR weakness. Trade, the Fed, EZ PMIs, the elections, and Brexit all weigh. The technical picture remains very bearish for the currency pair.  does not like to move that much but now it has not had another option. A perfect storm…

GBP/USD extends its falls towards 1.2600 on ongoing political turmoil. The fate of May and the withdrawal deal are in the limelight as Brits vote in the EU elections. The technical outlook is mostly bearish for the currency pair. Theresa May is still the PM, but probably not for long. The embattled leader has suffered…

EUR/USD is back to the lower range after a failed attempt to rise on Tuesday.  Trade tensions, the European elections, and Brexit all weigh. The technical outlook is bearish for the pair.  has taken a trip to the upside on Tuesday and may be ready for a trip to the downside today. Here are three…

GBP/USD is trading at a fresh four-month low on growing political uncertainty. The pound also suffers from weak inflation and the US-Sino trade war. The technical outlook is bearish for the currency pair. UK PM Theresa May has pledged to set out a timetable for her departure in early June, but she may leave Downing…

GBP/USD extends its descent amid ongoing political uncertainty. UK PM May convenes her cabinet to plot a last attempt to pass her Brexit deal. The four-hour chart shows the currency pair still suffers oversold conditions. The saying “third time’s a charm” did not apply to UK PM Theresa May’s Brexit deal, but perhaps her fourth…

EUR/USD is getting comfortable in lower ground as the US-Sino trade war intensifies. Upcoming elections in Europe may send the common currency lower. The technical outlook is bearish for the currency pair. It is two steps backward, one step forward for EUR/USD that settles on lower ground in moves that somewhat resemble the ongoing commercial dispute…

GBP/USD is still suffering from ongoing political uncertainty. UK PM May will make a last attempt to convince MPs to support her Brexit plans. The four-hour chart shows the currency pair is exiting oversold conditions. A bold plan is what UK PM Theresa May will offer members of parliament in a last-ditch attempt to get…