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Key Highlights EUR/USD attempted another increase from the 1.1000 support. A major bearish trend line is forming with resistance at 1.1110 on the 4-hour chart. Gold rallied to a new all-time high above $2,580. USD/JPY extended losses below the 141.20 support. EUR/USD Technical Analysis The Euro found support near the 1.1000 zone against the US […]

The post EUR/USD Could Trim Gains and Drop: Here’s Why appeared first on Action Forex.

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07/06/2024

Gold Price Gains Traction, Crude Oil Price Rises

Gold price started a fresh increase above $2,350. Crude oil is recovering and might rise toward the $78.40 resistance zone. Important Takeaways for Gold and Oil Prices Analysis Today Gold price started a decent increase from the $2,315 zone against the US Dollar. A major bullish trend line is forming with support at $2,368 on […]
04/07/2024

USD/CAD Slips: Understanding The Decline and Bearish Potential

Key Highlights USD/CAD started a fresh decline from the 1.3750 resistance. It traded below a key bullish trend line with support at 1.3670 on the 4-hour chart. EUR/USD rallied above the 1.0750 resistance zone. Gold prices were able to surpass the $2,350 resistance. USD/CAD Technical Analysis The US Dollar struggled to continue higher above 1.2750 […]
15/04/2024

EURGBP Elliott Wave : Selling The Rallies at Blue Box Area

Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of EURGBP published in members area of the website. Our team recommended members to avoid buying , while keep favoring the short side in the pair. Recently we got recovery that reached our selling zone. The […]