The EUR/USD pair traded as low as 1.0997, ending Tuesday a few pips above the 1.1000 figure, as the dollar remained strong on the back of ruling cautious while getting an additional boost from local data.
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The dollar continues to advance against all of its major rivals, getting an additional boost from upbeat CB Consumer Confidence. GBP/USD trading around 1.2980. BOE to have a monetary policy meeting this Thursday.
As far as the coronavirus goes, the latest reports are that the number of known cases of the new virus rose by nearly 60% overnight.
"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..."