Logo-color Logo-white

EURGBP reversed from resistance level 0.8625 Likely to fall to support level 0.8550 EURGBP currency pair recently reversed down from the key resistance level 0.8625, which has been reversing the price from January, intersecting with the 50% Fibonacci correction of the previous downward impulse from November. The downward reversal from the resistance level 0.8625 created […]

The post EURGBP Wave Analysis appeared first on Action Forex.

previous

Sunset Market Commentary

next

Ethereum (ETH) Could Rally If This Resistance Gives Way

Read More

08/03/2024

US: Job Growth Remained Strong in February, But Unemployment Rate Rises to Two-Year High    

Non-farm employment rose by 275k in February, well ahead of the consensus forecast calling for a smaller gain of 200k. However, revisions to the two-prior months were meaningfully lower, subtracting 167k jobs from the previously reported figures. Hiring over the last three-months (December-February) averaged 265k jobs per-month, only slightly lower than the pace of job […]
07/03/2024

Dollar Index outlook: Dollar Falls Further on Rising Bets for Fed Rate Cut

The dollar index falls to five-week low on Thursday, remaining under increased pressure from growing expectations for June rate cuts. Fed Chair Powell added to expectations by relatively dovish remarks in his testimony on Wednesday, saying that rate cuts will likely be appropriate later this year if economy evolves broadly as expected. Markets shift focus […]
28/03/2024

GBPAUD Wave Analysis

GBPAUD reversed from support level 1.9245 Likely to rise to resistance level 1.9500 GBPAUD currency pair recently reversed up from the support level 1.9245 (lower border of the narrow sideways price range from January), intersecting with lower daily Bollinger Band. The upward reversal from the support level 1.9245 started the active minor impulse wave 3, […]