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EUR/USD breaks above 1.21 to the highest in 3 years on German coalition, USD weakness – levels

January 12, 2018 Forex news forex trade 0

Euro/dollar hesitated under the 2017 high of 1.2090. No more. It made a clear break and is at 1.2127 at the time of writing. The fresh incentive is the news that German politicians have reached a deal on a coalition after an all-night negotiation session. Merkel and Schulz will now sit in government if there […]

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Daily technical Insight – EUR/USD Forms a Perfect Cup and Handle Pattern: Next Target 1.2100

January 12, 2018 Forex news forex trade 0

In 2017, the dollar fell against many currencies. Against the Euro, the dollar fell by a whopping 8%. This fall was attributed to a strengthening the Euro and investors worry about Trump’s policies on trade. The Bull Run ended on September when the pair reached the 1.2094 level. It then started going down, eventually reaching […]

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