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EUR/USD remains in a narrow-range sideways mode in early Tuesday’s trading, in extension of Monday’s action, shaped in Doji candle and signaling indecision Initial positive signal is developing on daily chart following last Friday’s strong downside rejection which left a bear trap under 1.0405 Fibo support (50% retracement of 0.9535/1.1275 rally (Sep 2022/July 2023). Also, […]

The post EUR/USD Outlook: Bullish Signal Developing on Daily Chart But Needs More Evidence for Confirmation appeared first on Action Forex.

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27/12/2023

EURUSD Wave Analysis

EURUSD broke resistance level 1.1015 Likely to reach resistance level 1.1150 EURUSD currency pair broke the resistance level 1.1015 (which has been reversing the price from August). The breakout of the resistance level 1.1015 accelerated the active medium-term impulse wave (C) from the start of December. Given the prevailing bullish euro sentiment, EURUSD currency pair […]
09/01/2024

Dollar and Euro Keep Each Other Balanced

Markets The recent core bond yield recovery ran into resistance yesterday and that had knock-on effects on other markets. Equity markets in particular enjoyed a nice run. The EuroStoxx50 ended about 0.5% higher but that followed a 1% intraday rise. The tech-heavy Nasdaq on Wall Street posted 2% gains. As for yields, they finished 1-2.7 […]
22/05/2024

New Zealand Dollar Climbs after Hawkish RBNZ Announcement

The New Zealand dollar has pushed higher on Wednesday. NZD/USD is up 0.54%, trading at 0.6124 in the European session at the time of writing. The New Zealand dollar rose as high as 0.6152 (0.80%) in the Asian session after the RBNZ meeting but has pared much of these gains. RBNZ holds rates but says […]