Logo-color Logo-white

Key Highlights EUR/USD started a decent increase above the 1.0880 resistance. A key bullish trend line is forming with support at 1.0910 on the 4-hour chart. Gold prices rallied above the $2,180 resistance zone. The US Consumer Price Index could be 3.1% in Feb 2024 (YoY). EUR/USD Technical Analysis The Euro started a fresh increase […]

The post EUR/USD Turns Green But Can Bulls Protect This Support appeared first on Action Forex.

previous

GBP/USD Edges Lower, UK Employment Next

next

Japanese Yen Weakens After Five Sessions of Gains

Read More

23/01/2024

CADJPY Wave Analysis

CADJPY reversed from key resistance level 110.00 Likely to fall to support level 109.50 CADJPY currency pair recently reversed down from the key resistance level 110.00, which stopped the previous wave (B) in the middle of November, as can be seen below. The resistance level 110.00 was strengthened by the upper daily Bollinger Band. The […]
12/06/2024

GBP/USD: Cable Remains Constructive Despite Weak UK GDP Numbers, All Eyes on US CPI/Fed

Cable ticked higher in European trading on Wednesday, showing no significant reaction on overall negative UK economic data (GDP was flat in April/construction and manufacturing output fell sharply) as traders await release of US CPI data and signals from Fed at the end of two day policy meeting. US inflation is expected to ease while […]
14/02/2024

Sunset Market Commentary

Markets Trading in Asia and during the morning session in Europe was one long-drawn countdown to US inflation data released this afternoon. Over the previous days we often had to mention that there wasn’t really much of hard news to guide trading, but this obviously changed this afternoon. US January inflation data brought a substantial […]