This article was first published on Orbex Forex Trading Blog.
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EURUSD Gains Look to Be Overdone

The euro retreats after testing a session high of 1.1354 on Friday, marking a rally to a one-year high. Prices are consolidating near the 1.1300 region at the moment. A close below this level could signal a move back to the 1.1200 handle. This will mark a confluence of the secondary trend line and the horizontal support.

EURUSD

Can WTI Crude Oil Find a Bottom?

WTI crude oil prices fell over 9% on Friday as price touched a three-year low of 41.06. This coincides with a multi-year support level at 41.50. If this level holds, we could see some consolidation taking place. This consolidation will most likely remain within the 41.50 and 46.50 levels. Watch for any initial signs of higher low forming which could signal a rebound.

WTI

TradingOil

GBPUSD Shifts Direction as Further Upside Likely

The pound sterling broke out sharply to the upside to pare losses from earlier sessions. After recovering above 1.2858, cable surged sharply higher above 1.2960. With the current momentum, ...


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To keep reading this article, please navigate to: Orbex Forex Trading Blog.

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This article was first published on Orbex Forex Trading Blog.
- -
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
- -

EURUSD Gains Look to Be Overdone

The euro retreats after testing a session high of 1.1354 on Friday, marking a rally to a one-year high. Prices are consolidating near the 1.1300 region at the moment. A close below this level could signal a move back to the 1.1200 handle. This will mark a confluence of the secondary trend line and the horizontal support.

EURUSD

Can WTI Crude Oil Find a Bottom?

WTI crude oil prices fell over 9% on Friday as price touched a three-year low of 41.06. This coincides with a multi-year support level at 41.50. If this level holds, we could see some consolidation taking place. This consolidation will most likely remain within the 41.50 and 46.50 levels. Watch for any initial signs of higher low forming which could signal a rebound.

WTI

TradingOil

GBPUSD Shifts Direction as Further Upside Likely

The pound sterling broke out sharply to the upside to pare losses from earlier sessions. After recovering above 1.2858, cable surged sharply higher above 1.2960. With the current momentum, ...


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To keep reading this article, please navigate to: Orbex Forex Trading Blog.

Tagged on: