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Key Highlights EUR/USD is showing positive signs above the 1.0800 support. It is eyeing an upside break above the 1.0880 resistance on the 4-hour chart. Gold price took a hit and declined below $2,350. GBP/USD could gain bullish momentum if it clears the 1.2750 resistance. EUR/USD Technical Analysis The Euro remained well-bid above the 1.0800 […]

The post EUR/USD Targets Further Upside: Bullish Momentum Builds appeared first on Action Forex.

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11/01/2024

GBP Reacts to Gov. Bailey’s Address

Just a few hours ago, Andrew Bailey, the governor of the BoE gave a speech regarding his testimony, along with Deputy Governor Sarah Breeden, on the Financial Stability Report before the Treasury Select Committee, in London. The speech reflects the commitment of the BoE to continue its projection towards the target inflation rate. Although the […]
20/03/2024

Bitcoin Price Drops Below $65K, Fed Rate Decision Next

Key Highlights Bitcoin price started a downside correction below $70,000 and $68,000. A key bearish trend line is forming with resistance at $65,800 on the 4-hour chart. USD/JPY rallied following the Bank of Japan’s (BoJ) first historic interest rate hike. EUR/USD and GBP/USD also saw bearish moves. Bitcoin Price Technical Analysis Bitcoin price started a […]
09/09/2024

An Eventful Week Ahead

In focus today In the euro area, we receive the Sentix investor confidence indicator, which is the first indicator of investor sentiment in September. Overnight, Chinese trade data for August is released. While exports recovered during H1, momentum has faded due to a weaker global manufacturing sector. Hence, one of China’s few growth drivers in […]