EUR/GBP Technical Analysis: Euro Takes Aim at Ten-Month Range Top
The Euro is accelerating higher against the British Pound, with prices poised to break out of the choppy range containing them for the past ten months.
The Euro is accelerating higher against the British Pound, with prices poised to break out of the choppy range containing them for the past ten months.
WTI has fallen below the 100-DMA after the weekly EIA Inventory report showed a smaller draw than expected as longs continue to curb their positions and bullish outlook.
The Nikkei 225 remains stuck in an established trading range at what are quite high levels by recent standards. It has this in common with other global benchmarks
The S&P 500 warrants caution on fresh longs as the old high nears, Dow has ground to make up.
Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger GBPUSD-bearish contrarian trading bias.
US stocks have pulled back after the earlier-August breakout. With a key release of US inflation on the calendar for tomorrow, can bulls push up to fresh highs?