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Key Highlights EUR/USD found support near the 1.0825 zone. It cleared a connecting bearish trend line with resistance at 1.0860 on the 4-hour chart. Crude oil prices could continue to move down toward $75.00. Bitcoin is rising and might soon test the $70,000 resistance. EUR/USD Technical Analysis The Euro started a downside correction from the […]

The post EUR/USD Targets New Gains: Is a Fresh Increase on the Horizon? appeared first on Action Forex.

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28/08/2024

USDJPY Gets Assistance from 143.40 Support

USDJPY retains bearish bias MACD and RSI try to gain some momentum 23.6% Fibonacci acts as strong resistance USDJPY is continuing its descending movement, especially after the failed attempt to jump above the uptrend line and the 38.2% Fibonacci retracement level of the down leg from 161.94 to 141.60 at 149.50. As the market remains beneath the 23.6% Fibonacci of […]
29/08/2024

Weak German Inflation vs Healthy US Data

Germany data German inflation is slowing more than expected. According to a preliminary estimate from Destatis, the consumer price index fell 0.1% in August, and annual inflation slowed to 1.9%, compared to 2.3% in the previous month and the 2.1% expected. Germany released state-specific data later in the day, and the weak readings put pressure […]
27/05/2024

Trading Probably Will Take a Slow Start

Markets With investors looking ahead to a long weekend in the US and the UK; the upleg in core yields slowed on Friday. US and EMU yields closed with changes of less than 1.5 bps across the curve. US durable goods orders (+0.7% M/M) and core shipments (+0.4% M/M) printed stronger than expected, but coming […]