EUR/USD Price Analysis: Bulls want confirmation from 1.0650 and the US NFP to maintain control.

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by admin   ·  March 10, 2023   ·  

For the second day, EUR/USD leads as buyers target the 100-HMA. 200-HMA challenge rebound from multi-day low under overbought RSI circumstances. Several peaks at 1.0690 and a confirmed break of the ascending triangle discourage buyers. Although holding the fort early on Friday in anticipation of the US jobs data for February and a speech by European ...

Silver Price Analysis: XAG/USD is susceptible; acceptance below $20.00 is expected.

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by admin   ·  March 9, 2023   ·  

Silver transitions into a bearish consolidation phase and trades in a constrained range at the $20.00 level. The technical configuration favors the possibility of extending the current, well-established decline. A slightly oversold RSI prevents bearish traders from making new bets on the daily chart. By the middle of the European trading day on Thursday, silver continues ...