Invest in alarm clocks
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Daily Technical Report - 30 January 2018
EUR/USD is trading lower. The pair lies in a bearish short-term momentum. Hourly support is given at 1.2223 (23/01/2018 low). The technical structure suggests further short-term upside moves. • In the longer term, the momentum is turning largely positive. We favor a continued bullish bias. Key resistance is holding at 1.2856 (15/10/2014 high) while strong support lies at 1.1554 (08/11/2017 low). • GBP/USD is decreasing. The technical structure suggests further potential downside move. Hourly support is given at 1.3916 (23/01/2018 low). • The long-term technical pattern is reversing. The Brexit vote had paved ... (full story)