Logo-color Logo-white

Key Highlights EUR/USD failed to surpass 1.0765 and declined once again. A major bearish trend line is forming with resistance at 1.0710 on the 4-hour chart. GBP/USD declined heavily and traded below the 1.2680 support. Bitcoin price extended losses and traded below the $64,200 support. EUR/USD Technical Analysis The Euro failed to recover above the […]

The post EUR/USD Remains At The Edge, Can It Recover? appeared first on Action Forex.

previous

Forex and Cryptocurrency Forecast

next

Nvidia Selloff Raises Worries

Read More

24/07/2024

EUR/USD Outlook: Bears Faced Headwinds at Pivotal Fibo Support

EURUSD extended pullback from a multi-month high (1.0948) and cracked pivotal supports at 1.0840/33 (Fibo 38.2% of 1.0666/1.0948 / 20DMA) but struggling to make a clear break lower. Oversold conditions on daily chart provided headwinds, suggesting that bears may take a breather, as markets await release of US July PMI data, due later today. Traders […]
18/09/2024

Market Analysis: EUR/USD Strengthens While USD/CHF Faces Hurdles

EUR/USD started a fresh increase above the 1.1050 resistance. USD/CHF declined and now struggling below the 0.8500 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro surged after it broke the 1.1050 resistance against the US Dollar. There is a connecting bullish trend line forming with support near 1.1125 on the hourly chart […]
10/07/2024

AUD/NZD: Kiwi Torpedoed by Surprise Dovish Tilt from RBNZ

The Kiwi is the worst intraday performer among the major currencies as it slumped to a 4-week low against the US dollar. A dovish tilt in the latest RBNZ monetary policy statement has triggered a narrowing of the yield discount between the 2-year Australian and New Zealand government bonds. AUD/NZD has staged a medium-term bullish […]