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EURUSD edges higher from new 5 ½ month low 1.0602) on Tuesday, as strongly oversold daily studies prompted profit-taking. Near-term sentiment turned fully bearish, and the action weighed by a large weekly bearish candle (the par was down 1.8% last week). Upticks should provide better selling levels, with solid barriers at 1.0700 zone (former low […]

The post EUR/USD: Limited Consolidation to Precede Fresh Push Lower appeared first on Action Forex.

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22/12/2023

EURCHF Wave Analysis

EURCHF reversed from key support level 0.9410 Likely to rise to resistance level 0.9500 EURCHF currency pair recently reversed up from the key support level 0.9410 (which has been reversing the price from the middle of October). The support level 0.9410 was strengthened by the intersecting lower daily Bollinger Band. Given the oversold daily Stochastic, […]
11/12/2023

GBPCHF Wave Analysis

GBPCHF reversed from support level 1.1000 Likely to rise to resistance level 1.1125 GBPCHF recently reversed up from the round support level 1.1000, lower boundary of the sideways price range inside which the pair has been trading from the start of November. The support level 1.1000 was strengthened by the lower daily Bollinger Band and […]
24/01/2024

AUDUSD Recovers, But Remains Below Prior Uptrend Line

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