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EUR/USD waiting for the next hammer to fall

February 19, 2020 Off

EUR/USD has been attempting to stabilize around the lowest since 2017. Economic divergence, coronavirus headlines and the FOMC Meeting Minutes await traders. Wednesday’s four-hour chart is pointing to oversold conditions. The “Macron Gap” has been breached – and that implies further falls for EUR/USD, even if it suffers from oversold conditions. Back in April 2017, the…

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GBP/USD under immense pressure with Brexit, data, and coronavirus news

February 18, 2020 Off

GBP/USD has been struggling as Brexit concerns accumulate. The UK jobs report and coronavirus headlines are in play. Tuesday’s four-hour chart is pointing to worsening conditions. Brexit headlines have begun biting – finally. Long days of acrimonious headlines from both sides of the English Channel have finally pushed  lower. The straw that broke the camel’s back…

By admin-445