Logo-color Logo-white

EURUSD holds above 20-day SMA but bias turns neutral Bulls still have a chance as field of support levels lies beneath But double-top formation hard to ignore EURUSD has retreated from last week’s 14-month high of 1.1213, erasing the short-term bullish bias. But the pair is so far managing to hold above the 20-day simple […]

The post EURUSD Turns Neutral Amid Double-Top Formation appeared first on Action Forex.

previous

ECB Can Afford to Take a More Dovish Stance

next

EUR/USD Rate Accelerates Decline Following European Inflation News

Read More

28/10/2024

Key Events for the Week Ahead

Seasonal patterns in the VIX, often referred to as the market’s fear gauge, indicate that volatility during this election year is likely to peak in the coming weeks, so be prepared for moves against established trends. Looking ahead, consumer inflation data from Australia and Germany will be released on Wednesday. Initial estimates of third-quarter GDP […]
06/09/2024

Market Analysis: GBP/USD Recovers While EUR/GBP Eyes Gains

GBP/USD is attempting a fresh increase from the 1.3090 zone. EUR/GBP is gaining pace and might extend its upward move above the 0.8440 zone. Important Takeaways for GBP/USD and EUR/GBP Analysis Today  The British Pound is attempting a recovery above the 1.3130 zone against the US Dollar.  There was a break above a key bearish […]
17/07/2024

Crypto Market Reversal Saves XRP & Litecoin from Collapse

Market picture The crypto market is recovering faster than it was falling, adding another 2.4% in 24 hours to $2.4 trillion. Bitcoin has rallied 15% since Saturday, now testing $66K. Ethereum is trying to cross $3500. Among the top coins, XRP stands out, soaring 12% in a day and 38% in 7 days, taking out […]