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EURUSD extends rally, hits 1.1130 But oscillators point to fading momentum A setback may be possible before the next leg north EURUSD has been in a steady rally since August 15, when it hit support at 1.0950, and it is currently testing the key resistance zone of 1.1130, a zone that stopped the bulls from […]

The post EURUSD Bulls Stay in Charge appeared first on Action Forex.

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09/07/2024

GBP/USD Strengthens: Analyzing Further Upside Opportunities

Key Highlights GBP/USD climbed higher above the 1.2780 resistance zone. The pair is signaling a strong bullish momentum above 1.2800 on the 4-hour chart. Oil prices corrected lower from the $84.65 zone. Bitcoin is struggling to start a recovery wave above $60,000. GBP/USD Technical Analysis The British Pound formed a base above the 1.2620 level […]
17/06/2024

Gold’s Rise Might be a Trap

Gold is adding on Friday, and it appears that a flight to defensive assets, rather than the risk appetite that drove the price earlier this year, is behind it. Since the start of the week, gold has twice pushed off support at $2300, where the round price level and the 76.4% retracement level from the […]
28/03/2024

USDJPY Wave Analysis

USDJPY reversed from multi-year resistance level 151.357 Likely to fall to support level 146.90 USDJPY currency pair recently reversed up from the powerful multi-year resistance level 151.357 (former monthly high from 2022), standing close to the upper weekly Bollinger Band. The downward reversal from the resistance level 151.357 stopped the previous minor corrective wave 2 […]