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EURGBP remains in sideways channel Technical oscillators lose steam EURGBP is finding another strong obstacle to surpass within the medium-term trading range of 0.8497 to 0.8578. Specifically, the 23.6% Fibonacci retracement level of the down leg from 0.8765 to 0.8497 at 0.8560. The pair is also flirting with the 20- and the 50-day simple moving averages […]

The post EURGBP Struggles to Surpass 23.6% Fibo appeared first on Action Forex.

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12/04/2024

Sunset Market Commentary

Markets This morning we wrote: “The dollar holds the better cards against both the euro and the pound. EUR/USD is nearing the 1.07 pivot again and GBP/USD holds close to 1.25 this morning. Which will break first?” Well, both, it turned out. A clearer than ever divergent path between the Fed and ECB specifically weighs […]
29/08/2024

NZ First Impressions: ANZ business confidence, August 2024

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09/07/2024

EURJPY Moves Beneath Its Lifetime High of 174.60

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