You’re watching the Support and Resistance Level Report for Thursday. Here’s how our in-house model tests out. Euro/Dollar went up yesterday, and it now has R1 of 1 1750 and S1 of 1 1710. Price Channel Indicator Upper Line is among the 3 models for R1, and R3 is a psychological level with 2 studies. … Continue reading Thursday Support and Resistance Levels – July 27, 2017
The FOMC statement provided some good news and no news on Wednesday, with the good news being a positive for risk appetite, as the FED talked up the U.S economy, supporting U.S equities, whilst the bad news was the lack of commitment on a timeline for kicking off the balance sheet sell-down, something that the … Continue reading Can the Dollar Recover from Its Latest Beating?
The EUR/USD pair did very little initially during the day on Wednesday as we awaited the FOMC statement. Ultimately, the market looks as if it is stock in some type of consolidation between the 1.1625 level on the bottom, and the 1.17 level above. If we can break higher, and I think that is the … Continue reading EUR/USD Forecast July 27, 2017, Technical Analysis