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EURGBP continues to fall after bearish gap Price shifts neutral outlook to negative MACD and RSI hold in oversold regions EURGBP opened with a significant bearish gap on Monday after the European elections on Sunday, sending the pair towards a fresh 22-month low of 0.8416. The pair is holding well below the medium-term trading range […]

The post EURGBP Prints New 22-Month Low appeared first on Action Forex.

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24/04/2024

Euro Gains Against Dollar Amid Mixed Economic Signals

The EUR/USD pair rose to 1.0707 on Wednesday, driven by increased local risk appetite and the belief that the currency was significantly oversold against the US dollar. This resurgence indicates a temporary rebalancing in the currency market. In the US, newly published statistics provide fodder for economic analysis. Sales of new homes in March showed […]
13/05/2024

GBP/USD Higher With Eye on Employment Report

The British pound is slightly higher on Monday. GBP/USD is up 0.20%, trading at 1.2549 in the European session at the time of writing. UK job growth expected to slide The UK labor market has held up well despite high interest rates but cracks have appeared and Tuesday’s job report is expected to be soft. […]
06/09/2024

USDCAD Doubts September’s Upturn

USDCAD trims September’s uptick to trade near key trendline Technical signals are mixed; a break below 1.3480 could shift the bias to the downside US & Canadian employment figures due at 12:30 GMT USDCAD started Friday’s NFP session with soft negative momentum after a stagnant day, which prevented the pair from examining its weekly high […]