Dollar rose to its highest level in almost seven months against the euro on speculation oil prices near a four-month low will support economic growth in the U.S., the world's largest energy consumer. British pound dropped for a sixth day against the dollar as the Prime Minister announces plans to try to reverse a slump in property values
Tech outlook:
EURO R1: 1.4660 S1: 1.4500
R2: 1.4680 S2:1.4480
Euro shows no signs of reversal and continues to be in bear note. Currency is expected to Trade in the range of 1.4520-1.4640 levels for the day. Stochastic is seen trending down and supports the bear note.
R2: 1.4680 S2:1.4480
Euro shows no signs of reversal and continues to be in bear note. Currency is expected to Trade in the range of 1.4520-1.4640 levels for the day. Stochastic is seen trending down and supports the bear note.
GBP R1: 1.7994 S1: 1. 7820
R2: 1.8020 S2: 1. 7800
Pound bears have confirmed there position .Currency is expected to trade in the range of 1.7830-1.7980 levels. Currency has broken all the key support levels and is seen trending down .Momentum is also supporting the bear note.
R2: 1.8020 S2: 1. 7800
Pound bears have confirmed there position .Currency is expected to trade in the range of 1.7830-1.7980 levels. Currency has broken all the key support levels and is seen trending down .Momentum is also supporting the bear note.
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