Logo-color Logo-white

Key Highlights EUR/USD failed again to clear the 1.1010 resistance. A key bullish trend line is forming with support near 1.0860 on the 4-hour chart. GBP/USD also started a downside correction from the 1.2780 zone. Gold prices are struggling to stay above the $2,000 pivot level. EUR/USD Technical Analysis The Euro gained bullish momentum after […]

The post EUR/USD Tops Again But Can This Key Support Hold? appeared first on Action Forex.

previous

FTSE 100 Wave Analysis

next

Last Lap to Christmas

Read More

22/03/2024

Technical Outlook and Review

DXY: The dollar index (DXY) chart currently demonstrates an overall bullish momentum. In this context, there is a potential scenario for price to rise towards the pivot before potentially making a bearish reaction and pull back towards the 1st support. The pivot level at 104.18 is identified as an overlap resistance where price could potentially […]
17/09/2024

US 30 Index Records Another All-Time High

US 30 posts several days of gains Price holds near upper band of ascending channel Stochastic looks overbought The US 30 cash index experienced a new all-time high during Monday’s session touching the 41,740 level. The price completed four consecutive green days following the strong rebound off the 40,000 psychological mark and continues to hold near the upper […]
24/07/2024

EURUSD Wave Analysis

EURUSD reversed from resistance area Likely to fall to support level 1.0800 EURUSD currency pair recently reversed down from the resistance area set between the multi-month resistance level 1.0920 (which has been reversing the price from the start of this year), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward wave B […]