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Bearish scenario: Sell below 1.0820 / 1.0841 with TP1: 1.0804, TP2: 1.0790, and TP3: 1.0775 with S.L. above 1.0834 (entry below 1.0820) or 1.0861 (entry around 1.0841) or at least 1% of account capital*. Bullish scenario: Buy above 1.0827 with TP: 1.0841 and TP2: 1.0850, with S.L. below 1.0820 or at least 1% of account […]

The post EURUSD: Seeking Liquidity in Weekly Selling Zones. Key Intraday Levels appeared first on Action Forex.

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12/12/2023

Dollar Index in a Corrective Wave (4) Rally – Technical Resistance at 104.50

It’s an important day for the markets with the US CPI release and expectation of 3.1% down from 3.2%, so dollar and us yields can be volatile today on speculations regarding further policy rate decisions from the FED tomorrow. From an Elliott wave perspective, the DXY is still seen in a corrective phase so I […]
10/04/2024

Markets in Waiting Position for US March CPI

In focus today Today’s focus will be on the US March CPI, where we forecast both headline and core inflation at +0.3% m/m SA. Higher oil prices continue to lift headline inflation, but the Fed focuses more on the underlying price pressures, not least after concerning upticks in services inflation and strong labour market in […]
06/09/2024

Canada’s Labour Market Continued to Cool in August

Canada’s labour market added a modest net 22k new positions, roughly on expectations. However, all the gains were in part-time job positions, which rebounded 66k after losses in July. Full-time positions gave back 44k. Growth in the labour force outpaced job gains, pushing the unemployment rate up two tenths to 6.6%, slightly higher than expected. […]