On the hourly chart, EUR/USD is trading in a downtrend channel. European fundamentals, including the recent IFO figure from Germany as well as PMIs, point lower.
Rises within the channel could be sell opportunities within the trend. What do you think?
The Australian dollar remains pressured in the lower part of a the long term 1.0150 - 1.06 range. In the past few days, it has descended in a downtrend channel.
Inflation in Australia came out below expectations, raising the prospects of a rate cut, or at least pushing any potential rate hike back.
The pair could continue falling in the channel, challenging...
GBP/USD has been trading in an uptrend channel since mid March. However, fundamentals are weighing heavily on the pound, which has already fallen from its highs.
If the pair were to lose the uptrend channel and support around 1.52, we could see an accelerated move towards 1.50 at first and perhaps towards the 1.48 bottom later on.