The EUR/USD pair gave back its previous weekly gains and retested the October low, settling below the 1.1500 level this week...
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The pair spiked up to a fresh daily high at 1.3103 before retreating slightly, as UK PM Theresa May is said to drop a key demand with an aim to resolve the Irish border issue that has been one of the main roadblocks in Brexit negotiations.
The USD/JPY pair built on the overnight rebound from sub-112.00 level and traded with a positive bias for the third session in the previous four.
Divided government often means that few new initiatives take place. That would be especially true now in the polarized political atmosphere in the American capital. From a market perspective, with the economic and fiscal program of the current administration fueling a strong economy, no change is good. As this is the highest possibility it is largely priced into the markets.
"A cycle is a recognizable price pattern or movement that occurs with regularity in a specific time period"
"Advisory Opinion, comprised of arguments and trade ideas which have been committed to publication and therefore have an influence on the trading public,
"Have you ever read news updates mentioning Elliott Wave yet you don’t have a clue what these mean for the Forex?"
"Support and Resistance Lines conform the most basic analytical tools and are commonly used as visual markers to trace levels where the price..."