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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 […]

The post Euro Gains Against Dollar Amid Mixed Economic Signals appeared first on Action Forex.

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15/07/2024

Copper (HG_F) Elliott Wave : Buying the Dips at the Equal Legs Zone

In this technical article we’re going to take a quick look at the Elliott Wave charts of Copper (HG_F) commodity , published in members area of the website. As our members know, Copper has recently given us correction against the October 2023 low. The commodity reached our target zone and completed correction right at the […]
21/06/2024

EUR/USD: Falls Further on Downbeat PMI Data

EURUSD fell to one week low on Friday and extended strong fall of Thursday, after the pair came under fresh pressure from downbeat PMI data. The reports released on Friday showed that activity in services industry in the Eurozone and bloc’s two largest economies – Germany and France slowed in Jume, while downturn in manufacturing […]
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