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EURUSD challenges new 5-month low Penetrates symmetrical triangle to the downside MACD and RSI continues bearish momentum EURUSD has been losing more than 2.5% since the pullback from the 1.0880 resistance level and is challenging a new five month low around the 1.0600 handle. The market has been experiencing a strong sell-off over the last […]

The post EURUSD Dives Further Near 1.0600 appeared first on Action Forex.

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23/04/2024

Bitcoin Awaits Signal from Equity Indices

Market picture The capitalisation of the crypto market over the past 24 hours has added only 0.15% to $2.44 trillion. Crypto sentiment indices remain in the ‘greed’ territory, scoring 71 points, compared to 73 points the day before. Bitcoin added about a quarter of a percent during the day, reaching $66.5K. Early on Tuesday morning, […]
19/06/2024

USDJPY Reapproaches Multi-Year Highs

USDJPY in a steady advance after pullback halts at 50-day SMA Momentum indicators are strengthening in their positive zones USDJPY experienced a strong setback from its 34-year high of 160.20 following an intervention by Japanese authorities in late April. However, the pair has been in a steady uptrend since then, attempting to revisit its recent multi-year highs. […]
25/06/2024

Bitcoin Plummets Below $60K: Analyzing the Sudden Crash

Key Highlights Bitcoin price started another decline below the $60,000 support zone. BTC is trading below a major bearish trend line with resistance at $63,800 on the 4-hour chart. EUR/USD remained stable and attempted to recover above 1.0720. Oil prices are eyeing more upsides above the $82.50 resistance. Bitcoin Price Technical Analysis Bitcoin price failed […]