The $0.010 price level was formally the bullish last line of defense; the $0.011 price level has been a higher demand line that has kept the D2T bear market pegged around $0.0115. However, bullish exhaustion and low volume of trade may have made the market slide below the $0.01 price level. Key …
Forex Strategies
EURUSD Sees Opportunity in the Slow US Economy
EURUSD sees an opportunity in the slow US economy. The US factory orders have been a major signal for the decline in the US dollar, giving rise to the Euro market. This growth has been acknowledged by the European Central Bank, which has indicated that it will raise the interest rate as the EUR/USD …
Dash 2 Trade (D2T/USD) Still Strong at the $0.011 Support Price Level
For the past few days of struggle around the $0.012 price level, the Dash 2 trade bulls have been able to keep a firm grip on the $0.011 as the last line of defense. Towards the end of May, a higher support level was secured at the $0.0116 price level in proximity to the $0.012 resistance price …
