EUR/USD Risks Further Losses as COT Points to Stretched Positioning

Talking Points EUR/USD Daily Technical Outlook:EURUSD reversed off Fibonacci resistance earlier this month at the 1.618% extension of the advance off the yearly lows at 1.1285. The pullback is now testing a key near-term support confluence at ~1.1128 where the 61.8% retracement converges on former slope resistance. A break below this mark shifts the focus […]

FTSE 100 Further Develops Range on Sharp Turn Lower

What’s inside: FTSE 100 turns sharply lower from near key line of resistance May soon find itself once again testing support Continuing to favor range-trading off key levels What’s driving European equity markets? Find out in our market forecasts. After holding major support following last week’s BoE meeting the FTSE 100 mounted a sizable rally. […]