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The EUR/USD is trading lower on Thursday. The intraday chart pattern indicates a potentially bearish closing price reversal top may be forming. This doesn’t mean the trend is getting ready to turn lower, but it could be an early indication that the selling is greater than the buying at current price levels. It confirmed, this … Continue reading EUR/USD Mid-Session Technical Analysis for July 27, 2017
European stock markets are mixed, with DAX down and FTSE 100 up on the day. The Fed rally that underpinned broad gains on Wall Street Wednesday and Asia Thursday, failed to lift sentiment in core EGBs as the Dollar is under pressure and EUR/USD at levels last seen in 2015. Disappointing quarterly reports from Deutsche … Continue reading German Confidence Weighs on DAX and Pushes Euro to 2-year Highs