Logo-color Logo-white

EURUSD dived beneath medium-term uptrend line Remains well below 200-day SMA Momentum oscillators extend bearish bias EURUSD tumbled beneath the medium-term ascending trend line, meeting a fresh almost three-month low below the 1.0800 round number. The pair lost 3.8% from the pullback at the 1.1215 resistance level, with the technical oscillators extending their negative momentum. […]

The post EURUSD Unlocks 1.0800 Critical Level appeared first on Action Forex.

previous

GBP/USD Extends Losses: Can The Pair Find Support Soon?

next

Investors Eye Asset Havens Amidst Continued Unrest in the Middle East

Read More

26/01/2024

WTI Oil Technical: Approaching a Key Medium-term Resistance, At Risk of Mean Reversion Decline

WTI crude oil has started to evolve into a short-term uptrend phase reinforced by the recent liquidity infusion by China’s central bank, PBoC upcoming 50 bps cut on the RRR. The current 5-day rally of WTI crude oil has reached a key medium-term resistance zone of US$79.00/79.40 with a short-term overbought condition. At the risk […]
24/06/2024

EUR/JPY Outlook: Hits New Record High

EURJPY continues to trend higher and extends steep upleg into sixth straight day, to hit new record high above 171 mark in early Monday trading. Bulls firmly hold grip despite overbought conditions and signals from Japan’s authorities about the intervention to support falling yen, which came under increased pressure after dovish BoJ’s stance in the […]
30/09/2024

CADCHF Wave Analysis

CADCHF reversed from resistance level 0.6320 Likely to fall to support level 0.6180 CADCHF currency pair recently reversed down from the resistance level 0.6320 (former strong support which stopped the weekly downtrend at the end of 2023). The downward reversal from the resistance level 0.6320 continues the active weekly downward impulse wave (3) . Given […]