Riksbank’s surprise rate cut pushes krona higher against euro

The GBPUSD price provided negative trades yesterday to approach our first waited target at 1.3000$, which represents 38.2% Fibonacci correction level for the rise that appears on the chart, and we suggest breaking this level to achieve additional bearish correction that its next target reaches 1.2866$. The EMA50 presses…

EUR/GBP appears to be struggling to move past its latest highs, forming a potential double top on its 4-hour chart. Can it break below the neckline to signal a reversal? Or will it make another attempt to break higher and sustain the uptrend? EUR/GBP 4-hour Forex Chart by TradingView Thanks to the Bank of England’s…

By InvestMacro The latest update for the weekly Commitment of Traders (COT) report was released by the Commodity Futures Trading Commission (CFTC) on Friday for data ending on April 1st. This weekly Extreme Positions report highlights the Most Bullish and Most Bearish Positions for the speculator category. Extreme positioning in these markets can foreshadow strong…