Despite limited macroeconomic presence out of both Europe and the US, demand for the greenback intensified Monday.
12
Feb
2019
Despite limited macroeconomic presence out of both Europe and the US, demand for the greenback intensified Monday.
Boasting historical significance as far back as early February 2015 and capping upside action since late October 2018, long standing support/resistance at 1.1465, once again, contained upside last week
H4 timeframe reveals price established support off 1.29, despite an aggressive whipsaw to session lows at 1.2854 mid-ways through London Thursday, post BoE announcement.
Updated trading schedule and general information related to the Lunar New Year Holiday
ECB’s Weidmann comments regarding poor German growth figures and several years until ECB’s normalization, the H4 candles clocked session lows of 1.1435.