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The recent 4-week rally of EUR/CHF from 19 June has started to show signs of exhaustion. The ongoing weakness of the France CAC 40 has triggered a negative feedback loop towards EUR/CHF. Watch the 0.9780 key short-term resistance on the EUR/CHF. The EUR/CHF cross pair has managed to recover its initial losses inflicted from 10 […]

The post EUR/CHF Technical: Euro Underperformance Over Swiss Franc May Have Resumed appeared first on Action Forex.

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USD/JPY Outlook: Sharply Down, Markets Suspect Intervention

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15/07/2024

Japanese Yen Surges Amidst Potential Interventions

The Japanese yen showed significant strength against the US dollar late last week, with the USD/JPY pair currently stabilizing around 157.86. This marks the lowest level for the currency pair in nearly a month. The yen’s recent surge is attributed to widespread market speculation regarding potential interventions by Japanese authorities. Analysts believe that Japan may […]
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Crypto Bears in Charge

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EUR/USD Exchange Rate Has Fallen Below 1.08 Level

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