The People’s Bank of China has launched a pilot trial digital yuan project to estimate the impact on China’s financial policies and monetary system. This was reported in the Bank’s whitepaper document that there had been more than ¥34 billion worth of deals. These deals cut across primary retail …
Price Action Charts in Focus
EURUSD Is Facing a Weekly Support Obstacle to Go Lower
Price Analysis – EURUSD Is Facing a Fight to Plunge EURUSD is facing a real obstacle that is preventing it from falling. The obstacle is in the shape of a weekly support zone that lies between 1.17850 and 1.17100 key levels. The market has found it very hard to break through the zone in previous …
EURCHF Has Bounced Off Its Bearish Trend Line to Continue Consolidation
Market Analysis – EURCHF Is Set to Continue Downward Having Bounced Off Its Trend Line EURCHF has bounced off its bearish trend line in a consolidation formation. The price has been downsloping since reaching a height of 1.11500 on the 4th of March 2021. The upward movement was a result of a surge …
