The cable continues to retreat as expected. We still feel that 1.96 should prove to be strong near term support. We expect some kind of bounce once we reach the 1.96 handle. EUR/USD This pair has also been down trending and here to we expect support at 1.34 to hold in the near term. This […]
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Forex Report
The pound has tried several times to push through 1.97 resistance in recent months, but has been unsuccessful as of yet. The recent break down was somewhat unexpected and has the pound trading near strong support @ 1.92. Look for a bounce off this level to near 1.9475. EUR/USD Unable to break through resistance near […]