Logo-color Logo-white

EURGBP broke support area Likely to fall to support level 0.8475 EURGBP currency pair just broke the support area set between the support level 0.8535 (which reversed the price twice earlier this week) and the 38.2% Fibonacci correction of the earlier sharp upward impulse from July. The breakout of this support area is aligned with […]

The post EURGBP Wave Analysis appeared first on Action Forex.

previous

Markets Weekly Outlook – Gold Hits New ATH Ahead of Jackson Hole Symposium

next

USD/JPY On The Brink: A Surge Awaits If Resistance Falls

Read More

30/07/2024

WTI Oil: At the Risk of Further Drop to Retest Major Range Support of US$73.15-71.35/Barrel

Citigroup Economic Surprise Indices across the different regions (except for Latin America) on average are suggesting lackluster economic growth. US crude oil inventories (excluding SPR) are showing signs of a build-up. Technical factors are suggesting further potential weakness for WTI crude oil below US$80.30 key medium-term resistance. Since its high of US$84.74 printed on 5 […]
11/04/2024

EUR/USD Outlook Ahead of ECB Main Refinancing Rate and Monetary Policy

Talking Points European Central Bank – ECB US Consumer Price Index – US CPI EUR/USD Technical Analysis – Weekly Chart EUR/USD has been grappling with significant pressure over the past few weeks, caught between the influence of inflation data and the ongoing speculation on the USA and Euro Zone interest rate paths. Since January 1st, […]
18/09/2024

GBP/USD Bounces Back: Fed Rate Decision Looms Large Over Next Move

Key Highlights GBP/USD started another increase from the 1.3000 support. It cleared a key bearish trend line with resistance at 1.3180 on the 4-hour chart. The UK CPI could rise by 2.2% in August 2024 (YoY). Today, the Fed could reduce interest rates from 5.50% to 5.25%. GBP/USD Technical Analysis The British Pound found support […]