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Industrial production in Germany today, despite expectations of 0.3 percent, while the country's trade balance remained below expectations of -1.0 percent, 19 billion 400 million excess gave. Negative data from both Germany and France in the last 2 days has created sales pressure on euro assets despite positive statements by ECB officials on the bond buying program. On the other hand, the rally in the bond interest rates in Italy has supported the drawback seen today by the parity side. On the o…
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EURUSD parity overview
As EURUSD is returning from 1.2070 resistance, let us stress that this region is technically the main previous peak. The dollar is effective in reducing losses on the return. 1.1980 main support can be followed if retracement continues, leaving the data stream behind a day that the dollar was partially supported.
Right way to use the Fibonacci extension tool?
I came across this video today and decided to take a look at it. Not saying that I am a big fan of Fibonacci, but I know that those who use are should definitely watch this video as this makes sense. The guy who explains this is well known and has been using Fibonacci for last 5 years exactly in the manner he explains on the video. He specializes in trading harmonic price patterns. If You also trade these patterns then this video is a must for You.
I hope that those of You who were patient enoug…
I hope that those of You who were patient enoug…