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EURUSD cracked 1.1200 barrier after Friday’s 0.75% rally (the biggest daily gain since Aug 2) and hit new 2024 high early Monday. Bulls remain firmly in play after strong advance in past two weeks and on track for the biggest monthly gain since November 2022, as weakening dollar on strong Fed rate cut signals, continues […]

The post EUR/USD Outlook: Looks for Test of 2023 High After Limited Correction appeared first on Action Forex.

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29/11/2023

Gold Surges on the Back of Dovish Fed Comments

On Tuesday, gold (XAU) rose towards 2,050, reaching its highest point in almost seven months. The increase happened primarily due to a significant drop in the U.S. dollar following dovish comments from Federal Reserve (Fed) officials. Possible effects for traders The Federal Reserve (Fed) Governor Christopher Waller noted that the existing monetary policy is sufficiently […]
12/07/2024

Market Analysis: GBP/USD Eyes 1.3000 While EUR/GBP Struggles

GBP/USD is gaining pace above the 1.2900 resistance. EUR/GBP declined and is now consolidating losses above the 0.8400 region. Important Takeaways for GBP/USD and EUR/GBP Analysis Today The British Pound is attempting a fresh increase above 1.2950. There is a key bullish trend line forming with support near 1.2910 on the hourly chart of GBP/USD […]
11/03/2024

EURGBP Wave Analysis

EURGBP reversed from multi-month support level 0,8500 Likely to rise to resistance level 0.8565 EURGBP currency pair today reversed up from the major multi-month support level 0,8500 (which has been repeatedly reversing the pair from last July, as can be seen below). The support level 0,8500 was further strengthened by the lower daily Bollinger Band. […]