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EUR/USD seems to be in a wait-and-see mode ahead of the ECB meeting on Thursday. It trades between the 1.2215 and 1.23 technical levels and practically in a narrower range. The ECB is not expected to leave its policy unchanged but any hint about the future of the QE program is awaited. Here is our [...]
The post EUR/USD accumulating reasons to rise but waiting for the ECB appeared first on Forex Crunch.
After the US government came and went (for now), USD/JPY stabilized. Yet new stories affect the pair, which remains torn between opposing forces. The Bank of Japan is the most dovish central bank in the developed world and this is not about to change. Despite the recent “mini taper tantrum”, the BOJ continues printing money [...]
The post JPY: Between BOJ dovishness and Trump’s trade war appeared first on Forex Crunch.
Bund is trading quite slow, choppy, and overlapping for the last few months, which gives us an idea that a bigger Elliott wave triangle pattern is in the making. If that is the case, then more overlapping price action may follow on Bund and ideally once the triangle is completed, we may expect a new [...]
The post USD Index, EURUSD and Bund Elliott Wave Video Analysis appeared first on Forex Crunch.