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Key Highlights EUR/USD started a downside correction from the 1.0980 zone. A connecting bullish trend line is forming with support at 1.0885 on the 4-hour chart. GBP/USD slipped below the 1.2800 support zone and tested 1.2735. The Euro Zone CPI could increase 2.6% in Feb 2024 (YoY). EUR/USD Technical Analysis The Euro failed to continue […]

The post EUR/USD Hits Support, Can It Bounce Back? appeared first on Action Forex.

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12/09/2024

EUR With Potential Weakness Ahead of ECB Decision: EURUSD and EURJPY

Fundamental Analysis Today, September 12, 2024, the European Central Bank (ECB) is expected to cut interest rates by 60 basis points, marking a significant adjustment in its monetary policy. The main refinancing rate could drop to 3.65% in response to slowing inflation, which reached 2.2% in August. This move reflects growing concerns about the eurozone’s […]
30/01/2024

Swiss Franc Recovering, But Will SNB Shift Policy?

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18/04/2024

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