Logo-color Logo-white

EURGBP reversed from long-term support level 0.8500 Likely to test resistance level 0.8550 EURGBP currency pair today reversed up from the major long-term support level 0.8500 (which has been steadily reversing all downward impulse of this pair from July of 2023) intersecting with the lower daily Bollinger Band. The upward reversal from the support level […]

The post EURGBP Wave Analysis appeared first on Action Forex.

previous

USD/JPY Steady as Japanese PMIs Mixed

next

Cliff Notes: Consumers and Central Banks Seek Confidence

Read More

26/04/2024

GBPAUD Wave Analysis

GBPAUD reversed from support level 1.9135 Likely to rise to resistance level 1.9360 GBPAUD currency pair recently reversed up from the pivotal support level 1.9135, which has been reversing the price from the start of April, intersecting with the lower daily Bollinger Band and the 50% Fibonacci correction of the previous upward impulse 1 from […]
19/02/2024

Week Ahead Europe – Eurozone Inflation and PMI Surveys Eyed

Is a March rate cut from the ECB still possible? UK surveys eyed as the economy falls into recession Could eurozone inflation figures reignite the rate cut debate next month? March has widely been written off as the likely moment that some major central banks will start cutting interest rates but data next week may […]
09/07/2024

GBPUSD Advances Towards 2024 Highs

GBPUSD rebounds from its 50-day SMA The price jumps to its highest since June 12 Momentum indicators are tilted to the upside GBPUSD has been slowly gaining ground following its bounce off the 50-day simple moving average (SMA) in late June. Moreover, the pair has entered a range that has previously rejected further advances during the past […]