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Key Highlights EUR/USD declined further below the 1.0820 support. It attempted a recovery wave above a connecting bearish trend line with resistance at 1.0810 on the 4-hour chart. Gold prices could soon gain pace to climb above the $2,760 resistance. Bitcoin eyes upsides above the $68,500 resistance zone. EUR/USD Technical Analysis The Euro remained in […]

The post EUR/USD Still At Risk of More Downsides Below 1.0750 appeared first on Action Forex.

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01/10/2024

How is Gold Prepping for NFP?

Gold prices are holding steady near $2,650 in Asian trading on Monday, despite positive market sentiment from China’s new stimulus measures. Traders are hesitant to make any big moves before the speech from US Federal Reserve (Fed) Chairman Jerome Powell later today. Powell didn’t touch on the economy or monetary policy in his last speech, […]
10/04/2024

EURCHF Eases Slightly after 1-Year Peak

EURCHF still stands above rising trend line Technical oscillators indicate negative correction EURCHF has been in an ascending tendency since the end of January, and it posted a fresh almost one-year high of 0.9847 in the preceding week. Currently, the market is on the backfoot with the technical oscillators indicating a bearish retracement. The RSI is moving […]
10/09/2024

ECB Policy Meeting: Another Rate Cut and Emphasis on September’s Data

ECB widely expected to deliver a second rate cut to 3.50% September’s data could be important for October’s meeting EURUSD looks bearish; next support could develop near 1.0990 Spotlight turns to economic growth too Inflation is no longer the sole focus, as economic growth has gained equal importance, although central banks still prioritize maintaining symmetrical […]