Logo-color Logo-white

The EUR/USD pair is maintaining a neutral stance, trading around 1.0851 on Wednesday, as the market anticipates crucial updates, including the US inflation data for March and the outcome of the European Central Bank (ECB) meeting on Thursday. Given the significant events on the horizon, investors are exhibiting caution. The US inflation rate for March […]

The post EUR/USD Holds Steady Ahead of Key Economic Updates appeared first on Action Forex.

previous

GBP/USD Recovers While EUR/GBP Dips to Support

next

AUDCAD Rebounds Strongly from Uptrend Line

Read More

04/04/2024

Gold Too Hot

Overnight, the gold price briefly exceeded $2300, recording another round level, not counting an update of the all-time high. This is an occasion to assess gold’s prospects, which are becoming a little less unambiguous. Touching the level of $2300 marked the achievement of the 161.8% Fibonacci retracement of the growth impulse from 29 February to […]
18/07/2024

USDCHF Elliott Wave Analysis Favors Selling Bounces

Hello traders, welcome to a new blog post. Today, we will discuss the future path for the USDCHF currency pair. The recent breakout confirmed the bearish bias we shared with members of Elliottwave-Forecast. So, what is next for this pair in the coming weeks? On April 29, 2024, the pair completed the medium-term bullish corrective […]
03/06/2024

EURCHF Declines Sharply from 14-Month High

EURCHF hits a fresh 14-month high of 0.9928 Before plunging towards the 50-day SMA Momentum indicators turn bearish  EURCHF has been in a steady recovery since late December, attempting to erase its massive 2021-2023 downtrend. Last week, the pair surged to a fresh 14-month peak of 0.9928, but quickly retraced lower until the 50-day simple moving average (SMA) curbed its retreat. […]