EURUSD Analysis - Price Is Looking to Bounce Off the 1.12020 Significant Level EURUSD is looking to bounce back from a dip in price. The market breaks through the neckline of a double top formation and plunges beyond several significant levels to reach the 1.12020 support level. There was …
Price Action Charts in Focus
The PBOC (Peoples’ Bank of China) Reduces the Banks’ Reserve Requirement Ratio by 50 Basis Points
As largely anticipated, the People’s Bank of China (PBOC) drastically reduced the reserve requirement ratio (RRR) of banks by 50bps on Monday.This is the second time that the banks’ RRR has been reduced by the PBOC. Premier Li Keqiang spoke of this cut last Friday, in which he claimed that the …
EURCHF Bears’ Latest Stop Is at the 1.04010 Significant Level
EURCHF Analysis - Significant Level 1.04010 Is the Bears’ Latest Market Stop EURCHF bears' latest stop is at the 1.04010 significant level. The market has been strongly bearish, notably since the 17th of September. Moreover, EURCHF has successfully navigated itself through all the significant …
