- Euro matches longest weekly consecutive losing streak since inception - Sentiment, Positioning, and cyclical studies all warn of a potential EURUSD reversal - Watch critical support ahead of highly-anticipated European Central Bank decision The Euro has now matched its longest weekly losing streak on record as the Dollar surges. Why do we think it’s at special risk of reversal in the coming week? Euro Matches Longest Consecutive Weekly Decline since ...
Talking Points: GBP/JPY Technical Strategy: FlatSupport: 171.79, 171.26, 170.61Resistance: 172.64-83, 173.33, 174.01 The British Pound is attempting to overturn the down trend initiated against the Japanese Yen in early July above the 175.00 figure. Near-term resistance is in the 172.64-83 area, marked by the 38.2% Fibonacci expansion and a falling trend line. A break above that on a daily closing basis exposes the 50% level at 173.33. Alternatively, a turn below ...
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