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EUR/USD extended losses and traded below the 1.0550 support. USD/CHF is rising and might aim for a move toward the 0.8880 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro struggled to clear the 1.0635 resistance and declined against the US Dollar. There is a key bearish trend line forming with resistance at […]

The post EUR/USD Faces Resistance While USD/CHF Builds Momentum appeared first on Action Forex.

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USDJPY Battles With 200-Day SMA Near 152.00

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21/10/2024

Weak German PPI Send the Euro Back Down

Market picture The German Producer Price Index fell more than expected, preventing the EURUSD from extending the rebound seen at the end of last week. Producer prices in Europe’s largest economy fell 0.5% in September (-0.2% expected), accelerating the annual decline to 1.4% (-0.8% expected) from 0.8% in the previous month. The negative annual growth […]
29/07/2024

EUR/USD Targets New Gains: Is a Fresh Increase on the Horizon?

Key Highlights EUR/USD found support near the 1.0825 zone. It cleared a connecting bearish trend line with resistance at 1.0860 on the 4-hour chart. Crude oil prices could continue to move down toward $75.00. Bitcoin is rising and might soon test the $70,000 resistance. EUR/USD Technical Analysis The Euro started a downside correction from the […]
25/04/2024

Crypto: Bears Plotting New Attack

Market picture Over the past 24 hours, the cryptocurrency market has lost more than 3.5%, falling to a capitalisation of $2.37 trillion. Bitcoin shows a decline with a similar amplitude; Ethereum lost less than 3%, while BNB added 0.1%, and Solana fell by 6.5%. On Wednesday, Bitcoin retreated significantly from its 50-day moving average, which […]