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Key Highlights EUR/USD started a fresh increase above the 1.0820 resistance. A key bullish trend line is forming with support at 1.0825 on the 4-hour chart. Gold price rallied above the $2,400 resistance zone. Bitcoin climbed higher and even surpassed the $66,500 resistance zone. EUR/USD Technical Analysis The Euro started a decent increase from the […]

The post EUR/USD Restarts Increase, Can Bulls Take Over? appeared first on Action Forex.

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27/08/2024

Australian Dollar Drifting Ahead of Aussie CPI

The Australian dollar is calm on Tuesday. AUD/USD is trading at 0.6773 in the North American session, up 0.03% on the day at the time of writing. Australian CPI expected to drop to 3.4% Australia’s CPI, which will be released early Wednesday, is expected to continue to decelerate. CPI eased from 4% to 3.8% in […]
17/09/2024

Fear Does Not Leave the Crypto Market

Market Picture The crypto market capitalisation remained at $2.04 trillion, the same as the previous day, although it fell to $2.01 trillion during the day before rebounding on Tuesday morning. The Cryptocurrency Sentiment Index returned to the fear zone after briefly rising to neutral levels on Saturday and Sunday. Bitcoin is trading at $58.6K, having […]
15/03/2024

Fed preview – Taking Stock on QT and Data

We do not expect the Fed to make monetary policy changes in its March meeting, as broadly anticipated by both markets and consensus. Besides the obvious focus on rate cut timing cues, we will keep an eye on the updated rate and economic projections as well as more detailed discussion on QT. We think the […]