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The euro is down for a third straight day on Wednesday. In the European session, EUR/USD is trading at 1.0767, down 0.29% on the day. The euro remains under pressure and has declined 3.3% in October. Euro PMIs expected to show more of the same The Eurozone releases the September PMI reports on Thursday, with […]

The post EUR/USD Dips to 11-Week Low appeared first on Action Forex.

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14/12/2023

Technical Outlook and Review

DXY: The DXY (US Dollar Index) chart currently shows a bearish overall momentum, indicating a downward trend in the US dollar. Price could potentially continue this bearish movement towards the 1st support level. The 1st support at 102.46 is categorized as a swing low support, and it has historical significance as a level where buying […]
27/03/2024

Australian Dollar Slides to Three-Week Low

The AUD/USD pair is declining, reaching 0.6539 on Wednesday. The Australian dollar is heading back to a three-week low following the release of softer-than-expected consumer price index (CPI) data from Australia. For February 2024, inflation in Australia stood at 3.4%, unchanged from the previous report, in contrast to the anticipated slight increase to 3.5%. This […]
18/07/2024

USDCHF Elliott Wave Analysis Favors Selling Bounces

Hello traders, welcome to a new blog post. Today, we will discuss the future path for the USDCHF currency pair. The recent breakout confirmed the bearish bias we shared with members of Elliottwave-Forecast. So, what is next for this pair in the coming weeks? On April 29, 2024, the pair completed the medium-term bullish corrective […]