Eurusd has touched the lower level of an upward channel on h4 time frame. It seems 1.0905 level is little resistance for this pair. After gapping higher yesterday to fresh multi-month tops beyond the psychological 1.1000 resistance, EUR/USD found some sellers and is now hovering around the 1.0970/60 level.

EUR/USD offered post-French elections

The ‘buy the rumour, sell the fact’ axiom seems to prevail so far in the pair ahead of the opening bell in Euroland, after centrist independent Emmanuel Macron won the second .........

Having filled the post-Macron weekly bullish gap, the USD/JPY pair has managed to bounce off lows but remained capped below the 113.00 handle.

After an immediate reaction to market-friendly outcome from the French Presidential election, the pair lacked any follow through buying interest and retreated back to 112.60 level. Markets had already price-in pro-EU centrist Emmanuel Macron’s victory and hence, the initial gap was sold into.

The US Dollar, however, remained supported by growing prospects for an eventual June Fed rate-hike action, against the backdrop .........

The bulls are seen trying hard to defend 1.2950 levels over the last hours, as the GBP/USD pair consolidates the retreat from fresh seven-month tops reached at 1.2990 earlier on the day.

The spot stalled its last week rally in the Asian opening trades and corrected lower, as markets reacted to the overnight news of a Macron win in the French elections and resorted to unwinding of the Macron trade witnessed over the last month.

Moreover, GBP/USD remains under pressure amid a broadly higher US dollar .........

Eurusd has rejected from 1.1020 resistance level on Monday. After gapping higher to fresh multi-month tops beyond the psychological 1.1000 handle, EUR/USD met some sellers and is now hovering over the 1.0970/60 band. 

EUR/USD offered post-French elections

The ‘buy the rumour, sell the fact’ axiom seems to prevail so far in the pair ahead of the opening bell in Euroland, after centrist independent Emmanuel Macron won the second round of the French presidential elections 65%-35% over far-right candidate Marine Le Pen.

Spot opened the Asian .........

The USD/JPY pair remains bullish after broken the resistance zone. It is looking for next resistance at 113.40 and fibo 50%. So buyers will look to take their profit on that resistance. 

The spot rallied to 112.78 in the overnight trading post the release of the Fed statement and extended gains further to 112.85 this Thursday morning in Asia.

The Fed looks past the first quarter slowdown the economy and acknowledged the continued improved in the labor market and inflation trajectory. The way Fed .........