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EUR/USD is settling around 1.0785, assessing the market impact of this week’s events. With Donald Trump’s return as US President, the market is recalibrating expectations around inflation and economic policies that his administration may reintroduce. Trump’s protectionist stance could stir inflationary pressures, prompting the Federal Reserve to maintain higher interest rates than anticipated. This potential […]

The post EUR/USD Stabilises, Considers Trump’s Impact appeared first on Action Forex.

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13/08/2024

EURUSD Bulls Don’t Want to Give Up

EURUSD maintains sideways move as 1.0940 barrier blocks the way up Technical risk is on the positive side; eyes on 1.0970 too US PPI due at 12:30 GMT; FOMC member Bostic speaks today EURUSD continues to face restrictions near the 1.0940 level and the resistance trendline from July 2023, which squeezed the price below a […]
16/08/2024

EURJPY Wave Analysis

EURJPY broke resistance area Likely to rise to resistance level 164.90 EURJPY currency pair just broke the resistance area located between the resistance level 162.50 and the 61.8% Fibonacci correction of the earlier sharp downward impulse (c) from the end of July. The breakout of this resistance area is aligned with the clear multi-month uptrend […]
29/10/2024

GBPUSD Moves Horizontally Within 1.2900 – 1.3000

GBPUSD loses momentum near uptrend line Stochastic ticks higher, but RSI flattens GBPUSD headed south in the preceding week, breaking the long-term ascending trendline to the downside. However, the pair is currently holding within a tight range after failing to extend the bearish tendency, but there is strong resistance at the 1.3000 round number. According to technical oscillators, the stochastic is moving […]