Logo-color Logo-white

EURUSD reversed from support area Likely to rise to resistance level 1.0620 EURUSD currency pair recently reversed up from support area located at the intersection of the long-term support level 1.0455 (previous yearly low from 2023) and the lower weekly Bollinger Band. The upward reversal from the support level 1.0455 will form the weekly Bullish […]

The post EURUSD Wave Analysis appeared first on Action Forex.

previous

Sunset Market Commentary

next

First Impressions: NZ Business Confidence

Read More

17/06/2024

EUR/USD Could Recover If It Clears This Resistance

Key Highlights EUR/USD seems to be finding bids near the 1.0675 level. A connecting bearish trend line is forming with resistance at 1.0760 on the 4-hour chart. GBP/USD trimmed gains and tested the 1.2660 support zone. USD/JPY spiked above 158.00 before correcting lower. EUR/USD Technical Analysis The Euro started a fresh decline from well above […]
11/09/2024

EURUSD Seems to Gave Found a Floor Above 1.1000

EURUSD is higher again today Momentum indicators confirm an upside recovery EURUSD found some footing around the 1.1015 support level and returned to the upside thereafter. The price failed to penetrate the 1.1000 psychological level where any rally higher may prove valuable to the market. The red Tenkan-sen however remains flat above the blue Kijun-sen […]
21/12/2023

Canada: Retail Trade Enters Holiday Season on a High Note.

Retail sales rose by 0.7% month-on-month (m/m) in October, coming in slightly lower than Statistics Canada’s advance estimate of the +0.8% m/m reading. September’s print was revised slightly lower to +0.6% m/m from +0.7% m/m, reported in the advance estimate. Adjusting for inflation, the volume of retail sales reported a solid gain of 1.4% in […]