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EUR/USD is attempting a recovery wave from the 1.0675 zone. USD/CHF climbed higher above 0.8900 and might extend gains in the near term. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro declined toward 1.0675 before it started a recovery wave against the US Dollar. There is a key bullish trend line forming with […]

The post Market Analysis: EUR/USD Struggles To Recover While USD/CHF Rallies appeared first on Action Forex.

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04/07/2024

EUR/USD Outlook: Remains Constructive But Formation of Bull-Trap Warns

EURUSD remains at the front foot in early Thursday’s trading and holding under new three-week high (Wednesday’s spike at 1.0816). Bulls probe again through cracked daily Kijun-sen (1.0791) and look for retest of daily cloud top (1.0808). Cloud top was dented on Wednesday but subsequent pullback from new high and daily close well below cloud […]
03/04/2024

NZDUSD Halts Decline at 23.6% Fibonacci

NZDUSD declines sharply within descending channel Drops below both 50- and 200-day SMAs to a 4-month low Oscillators remain deep in their negative territories NZDUSD has been in an aggressive downtrend since its double rejection at the 0.6217 level in early March. Despite dropping to a fresh four-month bottom this week, the pair seems to be finding its footing […]
27/12/2023

EUR/USD Extends Rally While USD/JPY Revisits Support

EUR/USD gained bullish momentum above the 1.0985 resistance. USD/JPY is declining and showing bearish signs below the 142.85 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and climbed above the 1.0985 resistance zone. There is a key bullish trend line forming with support near 1.1020 on the […]