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EURGBP resumes downtrend, falls rapidly to 2½-year low Oversold signals detected, price trades at the bottom of a channel EURGBP plummeted to a 2½-year low of 0.8316 but held above the support line of the almost one-year-old bearish channel, fueling hopes that the bulls could still find a footing. It is important to exercise caution […]

The post EURGBP Sinks to the Lowest Since 2022 appeared first on Action Forex.

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GBPUSD Unlocks Another New 2½-Year High

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GBPUSD Unlocks Another New 2½-Year High

GBPUSD eases a bit after strong rally Technical oscillators move slightly down GBPUSD skyrocketed to a fresh two-and-a-half-year high of 1.3365 earlier today, adding almost 3% after the bounce off the 1.3000 round mark. The technical oscillators indicate an overstretched market. The stochastic is turning slightly lower in the overbought territory, while the RSI is […]
03/07/2024

Gold Retains Positive Attitude

Gold picks up steam towards a key resistance region ahead of US Independence day Short-term bias is positive, but an extension above 2,352 is necessary ISM services PMI, ADP employment, FOMC meeting minutes on the agenda Gold bulls returned with stronger positive momentum on Wednesday and hit an almost two-week high of 2,287. This came […]
20/03/2024

All Eyes on the Fed

In focus today In the US today’s main event will be the FOMC meeting. The Fed is widely expected to maintain monetary policy unchanged. Focus will be on any clues about the timing of the first rate cuts as well as the end-game for QT, which the Fed agreed to discuss in more detail at […]