In interviews released over the weekend, the Bank of England reported that the level of inflation in the UK was worrying and encouraged citizens to anticipate an early increase in interest rates. With this report, the pound strengthened in relation to the euro and the US dollar. The Bank of England …
Price Action Charts in Focus
EURCHF Finally Succumbs to the Pressure of Rejection From 1.08700
EURCHF Analysis - Price Finally Succumbs and Falls at the 1.08700 Key Level EURCHF finally succumbs to a strong rejection below the significance level of 1.08700. The market kept fluctuating around this key level by undulating through an expanding triangle pattern. Both bulls and bears were looking …
USD/CAD Declines as Buyers Fail to Keep Price Above Level 1.2800
USD/CAD Long-Term Analysis: BearishUSD/CAD is in a downward move after the bears broke below the moving averages. Before the current price action, the bulls have made several attempts to break above level 1.2800 resistance. For the past four months, the pair had been in a range-bound move below …
