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Buy dips in EURCHF as SNB Delivers this time

daily-forecast The Euro spiked higher against the Swiss franc and paved way for more upside. The main reason for the same was the SNB introduction of negative rates. The EURCHF pair broke an important resistance area and opened the doors for more gains in the near term. So, I think buying EURCHF is a good idea moving ahead. There was a bearish trend line on the daily [Read more...]

Euro Recovers Despite Disappointing CPI Releases

The Euro traded higher during the start of this week, which was mainly due to the weakness in the US dollar. The main thing to note was the fact that the EURUSD pair managed to clear the 1.2400-20 resistance area, which later acted as a support for the pair. We need to see how long the pair can manage to hold the mentioned level and can it make it towards [Read more...]

Euro Jumps As German ZEW Sentiment Increased In December

euro16 The Euro traded higher against the US dollar recently, as the EURUSD pair was rejected one more time around the 1.2440-20 support area. There was one more important reason for gains in the EURUSD pair. There were a couple of critical economic releases lined up in the Euro zone yesterday, including the Euro area manufacturing and services PMI, German [Read more...]

Buy with a break in GBPUSD

daily-forecast The British pound tumbled recently against the US dollar, but managed to hold the previous low. The UK CPI was released moments ago, which was broadly mixed. The GBPUSD might trade higher in the short term if it settles above an important resistance area. So, I think buying with a break looks like a good option in the near term. There is a triangle [Read more...]

Euro likely to present buying opportunity

daily-forecast The Euro was seen trading higher against the US dollar as the latter one got weakened across the board. There is a chance that the EURUSD pair might correct lower from the current levels and provide us a buying opportunity in the near term. The recent economic releases were not on the positive side so we might witness a minor correction which can be [Read more...]
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