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EURUSD gets rejected a tad below its recent 4-month peak A failure to claim that level could validate a double top structure Momentum indicators lose steam but remain positive EURUSD experienced a solid correction from its recent four-month high of 1.1016, but the pair managed to erase most of it, following a decisive break above the 200-day simple moving average […]

The post EURUSD Rangebound After Forming a Double Top appeared first on Action Forex.

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05/03/2024

WTI Oil Price Reaches 4-month High Against the Backdrop of OPEC+ Decision

On Friday, the price of a barrel of WTI crude oil exceeded USD 80 per barrel due to the decision to continue the policy of reducing oil production by OPEC+ countries. Saudi Arabia said on Sunday it would extend oil production cuts until June to “maintain stability and balance in oil markets,” an official statement […]
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EURCAD Two-Year Bullish Sequence extends from the Blue Box

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EUR/USD Outlook: Bulls Hold Grip for Further Gains, Shallow Correction Likely to Precede Fresh Push Higher

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