The prevaling and vital market story remains the EUR/USD and DXY relationship. EUR/USD by itself at low 1.0700's trades deeply oversold and the downsi
and DXY relationship. EUR/USD by itself at low 1.0700's trades deeply oversold and the downside for shorts is over and done. EUR/USD oversold is assisted this week by a complement of oversold EUR cross pairs as: EUR/CHF, EUR/CAD, EUR/NZD and EUR/AUD.
EUR/USD oversold refers to short, medium and long term averages from 1.0800's to 1.1500's and beyond. EUR/USD trades oversold from the 5, 10 and 14 year averages at 1.1200, 1.1500's and 1.2000's. Since December 2022 and the EUR/USD break above 1.0500's, the trade strategy remained long EUR/USD and short DXY and USD currencies. The long EUR/USD and short DXY and USD currencies remains the strategy as the 1.0600's break is not expected and not anytime soon however this situation is vigorously monitored. The current view is DXY and USD Vs EUR/USD brought us to the brink.
The GBP/NZD trade to target duration was 3 weeks and the same time frame as the last target trade. If memory serves, both trades were 5 and 600 pips profit.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bowers & Wilkins’ New 700 Series Marks A Major Step Forward In Mid-Price Speaker DesignBritish speaker brand Bowers & Wilkins has updated its 700 Series with some innovative technology that has trickled down from the company's flagship Diamond 800 Range.
Read more »
The week ahead: The ECB takes centre stage as the euro floundersThis week we get the much-anticipated ECB meeting. This comes at an interesting time for financial markets. The euro is sinking, EUR/USD fell 1.18% la
Read more »
Kaiser to pay $49 million to California for illegally dumping private medical records, medical wasteKaiser is California's largest health care provider and has more than 700 health care facilities that treat about 8.8 million patients in the state, Bonta said.
Read more »
Agoura football edges Calabasas in OT to remain unbeatenAgoura’s Harrison Novak and Calabasas’ Alonzo Contreras combine for more than 700 passing yards and 10 TD passes, as the Chargers (4-0) top their rivals, 54-53, to continue their turnaround season.…
Read more »
Operation to extract American researcher from one of the world's deepest caves advances to 700mRescue teams on Sunday in Turkey successfully carried an American researcher up from the depth of a cave at 1040 meters (3412.07 feet) to the 700-meter (2296.59 feet) mark where he will rest before they continue the taxing journey to the surface.
Read more »
Operation to extract American researcher from one of the world's deepest caves advances to 700mRescue teams on Sunday in Turkey successfully carried an American researcher up from the depth of a cave at 1040 meters (3412.07 feet) to the 700-meter (2296.59 feet) mark where he will rest before they continue the taxing journey to the surface
Read more »