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EURUSD slows pace after a quick bounce to 1.1135 Short-term trendline in focus; technical bias remains positive US retail sales due at 12:30 GMT EURUSD started the week on the right foot, finishing Monday’s session comfortably higher, though around the short-term resistance trendline at 1.1135, which poses a risk. The pair is currently lacking momentum, […]

The post Will EURUSD Take Its Bullish Chances? appeared first on Action Forex.

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22/07/2024

Australian Dollar Falls to 3-Week Low

The Australian dollar is coming off a rough week with losses of 1.45% and the downtrend has continued on Monday. AUD/USD is trading at 0.6664 in the European session, down 0.30% on the day at the time of writing. The Aussie climbed 1.9% in the first two weeks of July but has reversed directions and […]
01/12/2023

USDCAD Extends Decline Towards the 200-day SMA

USDCAD posts a fresh 2-month low in today’s session Decline shows no signs of easing, bears eye the 200-day SMA Momentum indicators endorse the resumption of the retreat USDCAD has been constantly losing ground following its 13-month high of 1.3898 on November 11. Moreover, the pair dropped to its lowest levels in two months on Friday, with […]
03/05/2024

Sunset Market Commentary

Markets Yields this morning cautiously continued the downtrend after Powell’s rather mild assessment at the press conference on Wednesday. The Fed chair indicated that, despite disinflation making little progress of late, keeping the policy rate a while longer at current level will likely still suffice to return inflation to target over time. An unexpected and […]