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The euro is calm on Wednesday after an impressive 3-day rally which saw EUR/USD jump 1.4%. Will the upswing continue? In the European session, EUR/USD is trading at 1.1220 at the time of writing, down 0.08% on the day. ECB likely to lower rates in September despite stubborn inflation The European Central Bank took the […]

The post Euro Drifting as Investors Eye Fed Minutes appeared first on Action Forex.

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09/09/2024

EURCAD Wave Analysis

EURCAD reversed from pivotal support level 1.4900 Likely to rise to resistance level 1.5100 EURCAD currency pair recently reversed from the pivotal support level 1.4900 (a former monthly high from July, which stopped the previous correction (4)). The support level 1.4900 was strengthened by the lower daily Bollinger Band and by the 50% Fibonacci correction […]
08/12/2023

EURCHF Wave Analysis

EURCHF reversed from support level 0.9420 Likely to rise to resistance level 0.9500 EURCHF recently reversed from the strong support level 0.9420, which stopped the previous strong downtrend in the middle of October. The upward reversal from the support level 0.9420 is likely to form today the Bullish Engulfing – strong buy signal for this […]
03/09/2024

XAUUSD: Weekly Outlook

Gold has been on a winning streak, rising for seven straight months and gaining 21% so far this year. The key question now is whether this momentum will continue in September or if the metal will take a break. The future of gold prices will largely depend on upcoming U.S. economic data and interest rate […]